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{{short description|American financial services company}}{{distinguish|Sesame Credit}}{{notability|Companies|date=June 2018}}

factoids

| area_served = United States| products = Credit scores, credit monitoring, identity theft protection, loans, credit cards, credit reports| num_employees = 200weblink|creditsesame.com}}}}Credit Sesame is a credit and loan company.WEB, Credit Sesame: Credit and loan management platform,weblink Silicon Valley Tours, Credit Sesame was launched in private beta at TechCrunch Disrupt 2010.WEB, The List Of Startups Launching At TechCrunch Disrupt,weblink TechCrunch, 27 September 2010, Leena Rao, By 2012, the company claimed to monitor almost $35 billion in loans.WEB, Credit Sesame Adds Social Comparison Tools, Lets You See How Your Debt Compares With People Like You,weblink TechCrunch, Sarah Perez, 13 July 2012,

Leadership

Credit Sesame was founded on April 1, 2010WEB,weblink CREDIT SESAME, INC., opencorporates.com, 2019-09-27, by Adrian Nazari, the company's chief executive officer. Nazari previously co-founded Financial Crossing, Inc. and served as both its president and its CEO. He was also the founder, CEO, and chairman of the board at Financial Circuit, Inc.WEB, EXECUTIVE PROFILE Adrian A. Nazari,weblinkweblink" title="web.archive.org/web/20121014082211weblink">weblink dead, October 14, 2012, Bloomberg, 1 February 2019, On June 8, 2022, David Bagatelle became the Chief Banking Officer and Head of Banking and Credit Sesameweblink {{Self-published source|date=June 2022}}

Product and services

As of 2018, Credit Sesame gives its members free access to credit score monitoring, credit reports, and identity protection tools.WEB,weblink Credit Sesame Review 2019: A Truly Free Credit Score, Pruser, Michael, 2011-11-15, The Dough Roller, en-US, 2019-09-27, WEB,weblink Get Your Free Credit Score - No Credit Card Required, Credit Sesame, en-US, 2019-09-27, It also provides personalized recommendations regarding personal loans, home loans, student loans, credit cards, and refinancing opportunities that can help members improve their credit and spending power.WEB, Personal finance tool CreditSesame nabs $6.15M in new funding,weblink Venture Beat, 9 March 2011, Riley McDermid, 1 July 2011, In 2017, Credit Sesame announced new robo advisory technology for consumers to automate their credit and loan management.WEB, Perez, Sarah, With $20 Billion In Consumer Debt Under Management, Credit Sesame Closes $12 Million Series C,weblink Tech Crunch, 11 June 2012, 11 July 2012,

Business model

Credit Sesame sometimes receives revenue from partners when a member acts on recommendations made for a product, such as new credit cards and loans. Revenue is also generated from its Premium Subscription Business as well as hosting targeted advertising from third parties and initiating loans to help manage billions of dollars in consumer debt. As of October 2018, Credit Sesame has managed over $2 billion in loans originating from its site.NEWS, Gorton, David, How Credit Sesame Works and Makes Its Money,weblink Investopedia, 17 January 2019,

Funding

In March 2011, Credit Sesame announced that it had closed a $6.15 million second round of funding, led by Menlo Ventures and Inventus Capital Partners.WEB, Personal finance tool CreditSesame nabs $6.15M in new funding,weblink Venture Beat, 9 March 2011, Riley McDermid, 1 July 2011, The company closed an additional $12 million in funding in June 2012, and $16 million in May 2015.WEB, Perez, Sarah, With $20 Billion In Consumer Debt Under Management, Credit Sesame Closes $12 Million Series C,weblink Tech Crunch, 11 June 2012, 11 July 2012, WEB, Perez, Sarah, Credit Monitoring And Debt Management Service Credit Sesame Raises $16 Million,weblink TechCrunch, 12 May 2015, 6 June 2017, In October 2017, Credit Sesame announced that it raised more than $42 million in funding from investors (including Menlo Ventures, Inventus Capital, Globespan Capital, IA Capital, and SF Capital). The company also announced reaching profitability in 2017, after achieving 3 straight years of 100% annual growth.WEB, Penn, David, Credit Sesame Raises More than $42 Million, Unveils Robo Advisor for Credit,weblink Finovate, 25 October 2017, 1 January 2019, In August 2019, Credit Sesame completed an additional round of funding totaling $43 million.WEB,weblink Credit Sesame, a platform for managing loans and credit scores, picks up $43M en route to IPO, TechCrunch, 30 August 2019, en-US, 2019-09-25,

References

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