Wednesday, October 25, 2017

Credit Sesame Snags $42M For Robo-Advisors

San Francisco-based Credit Sesame, a developer of "robo-advisors" to help consumers manage their credit and loans, has raised $42M in combined equity and venture debt. The funding came from Menlo Ventures, Inventus Capital, Globespan Capital, IA Capital, SF Capital, plus an un-named strategic investor. The company said the funding was split between $26.6M in equity and $15.5M in venture debt. The company has now raised more than $77M in total. Credit Sesame, led by founder and CEO Adrian Nazari, help consumers better manage their consumer debt and credit using its software.