Credit Company Credit Sesame Secures $51 Million

Fazzaco learned that Credit Sesame, the US-based credit and loan company, has raised $51 million in the latest funding round. 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. 

Forexway Launched the First-of-its-kind Animated Videos on Forex Trading​

According to the press release, Credit Sesame has surpassed over one million Sesame Cash debit account customer in less than a year from the beta launch and exceeded 200 percent annual growth in premium subscription services. Additionally, Credit Sesame has completed the acquisition of Zingo, a fintech software services startup, enabling the company to integrate rent reporting services into its suite of financial wellness offerings in summer 2021. 

"Creating access to better credit and finance is critical for financial prosperity for consumers in our country, and it's enlightening to see major banks and the federal government also taking action," said Adrian Nazari, CEO of Credit Sesame. "The impacts of the past year have only made those needs greater, and through our recent acquisition and fundraising, we are proud to be expanding our platform offerings and leading the charge in opening more doors to financial inclusion and wellness for all."

"Credit Sesame is giving consumers the latest financial tools and helping them to improve their financial health," said Shrirang Apte, VP, Credit, HOOPP. "This investment in the fast-growing Credit Sesame was an attractive opportunity to help grow the HOOPP fund for the benefit of our members, so we are pleased to contribute to Credit Sesame's next phase of growth as it continues to expand."