Credit Sesame, a San Francisco, Calif.–based financial wellness platform, raised $51m in growth funding and completed the acqusition of Zingo, a fintech software services startup.
Investors included Healthcare of Ontario Pension Plan, Menlo Ventures, ATW Partners, Globespan Capital, IA Capital Group, Inventus Capital, and more.
Credit Sesame has also completed the acquisition of Zingo, a fintech software services startup, to integrate rent reporting services into its suite of financial wellness offerings in summer 2021.
Led by Adrian Nazari, CEO, Credit Sesame leverages technology, AI and analytics to allow consumers to achieve financial health and stability and create opportunities for themselves and their families. Later this year, the company is launching a feature that will allow consumers to use their cash to build and enhance their credit profile with no credit check.
Leveraging Zingo’s intelligent data platform, Credit Sesame will collect, verify, and report rental payments to the credit bureaus to help consumers establish credit and improve their credit profiles based on their consistent payment history.