Launched in 2011, Credit Sesame is the first of its kind in the category of Personal Credit Management (PCM). With a mission to “empower people to take charge of their credit and loans to achieve their financial goals, this revolutionary platform provides data and analytics driven end-to- end credit management”. The mobile and web offering not only gives consumers access to credit scores and reports & identity-theft monitoring but also highly personalized targeted advice on better lending options. With outstanding metrics – 80% of the business from existing members, 12% attrition, 4 years of 100% CAGR, CAC of 6 months, and 45% MAU’s, this personalized, simplified and automated service is the future of credit management.
“While many companies have spent the last few years catching up to our free credit score offerings for consumers, Credit Sesame has been developing and proving robo-advisor technology,” said Adrian Nazari, founder and CEO of Credit Sesame. “This technology translates consumer financial and credit information into simple and actionable steps that consumers can easily understand and utilize to improve their financial profile and leverage their credit. As a result, 45% of our members are engaged monthly, helping us achieve an unprecedented relationship and engagement with our members.”
Having raised over $80 million from top tier investors including SF Capital, Menlo Ventures, Inventus Capital Partners, IA Capital Group, Globespan Capital Partners, Symantec, and FTP, this Series D+, profitable company with offices in downtown Mountain View and San Francisco, is poised to own the $100B credit market.
3FORTY3 Executive Search
Searches Completed: VP of Marketing
Unlike some of their competitors that focus on offering free access to credit scores, Credit Sesame recognized early that a data & analytics driven technology product, generating tangible and actionable insight was the key to differentiation. With 4X better engagement and revenue that is 100% member derived, their members clearly resoundingly agree! The credit management market has proven to be significantly larger than the credit monitoring market. As the market leader Credit Sesame is well positioned to win this $100B market.