SAN FRANCISCO, CA, Credit Sesame, a financial wellness platform, today announced it has raised $51 million in growth capital.
The funds will be used to launch breakthrough AI-driven services that help millions gain easy access to credit and free banking services to reach their financial goals. The company enters this next phase of growth with significant business momentum, as it surpasses over one million Sesame Cash debit account customers in less than a year from the beta launch and exceeds 200 percent annual growth in premium subscription services.
Investors of this financing round include Healthcare of Ontario Pension Plan (HOOPP), Menlo Ventures, ATW Partners, Globespan Capital, IA Capital Group, Inventus Capital, and more. This latest funding paves the way for the company's rapid growth and expansion.
Credit Sesame's mission is to use the latest technology, AI and analytics to help consumers achieve better financial health and stability and create better opportunities for themselves and their families. Credit Sesame has helped millions of consumers improve their credit scores, increase their approval odds, lower their cost of credit and save money. Strong credit health leads to better financial health and stability, and with Sesame Cash, the Company helps accelerate consumers credit and financial wellness in one place.
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