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FT Partners Advises Credit Sesame on its $42,000,000 Growth Financing

Overview of Transaction

  • On October 25, 2017, Credit Sesame announced it has raised over $42 million in equity and venture debt
  • The funding comes from existing and new investors including Menlo Ventures, Inventus Capital, Globespan Capital, IA Capital, SF Capital, among others, along with a strategic investor
  • The $42 million in funding is comprised of $26.6 million in equity and $15.5 million in venture debt, bringing the Company’s total funding to over $77 million
  • Headquartered in Mountain View, CA, Credit Sesame was founded in 2011 and has provided credit and loan management tools to over 12 million members
  • The mobile and web solution provides consumers with tools to build a path to achieve financial wellness, including free access to their credit profile complete with their credit score, credit report grades, credit monitoring, interactive step-by-step tools and recommendations for better lending options

Significance of Transaction

  • The funds will be used to accelerate the company’s growth, hiring, and member acquisition, and to advance its analytics, robo-advisor and machine learning technologies
  • A new strategic investor has also joined Credit Sesame’s consortium of investors in this round and a separate strategic partnership may be announced in the near future that will allow millions more to benefit from Credit Sesame’s services

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to Credit Sesame in this transaction
  • This transaction further demonstrates FT Partners’ continued success advising both leading consumer FinTech brands as well as companies across the Credit / Lending Tech landscape