Revision 695537064 of "Credit Sesame" on enwiki

{{POV|date=December 2015}}

{{Infobox company|
  logo   = CS Logo Circle.png |
  name   = CreditSesame.com |
  type   = [[Privately held company|private]]|
  foundation     = 2010|
  founder        =  Adrian Nazari|
  industry       = [[Personal finance]], [[Software]]|
  location       = [[Mountain View, California]]|
  area_served    = [[United States]]|
  products       = [[Rich Internet application]]|
  revenue        = N/A|
  num_employees  = N/A|
  homepage       = [http://www.creditsesame.com/ CreditSesame.com]
}}

'''Credit Sesame''' is a web based [[freemium]] tool that provides consumers with a free credit score.<ref>{{cite web|last=Andriotis|first=Annamaria|title=New Controversy for Credit Scores|url=http://www.smartmoney.com/borrow/debt-strategies/which-credit-score-is-best-1302212043057/|publisher=SmartMoney.com|accessdate=1 July 2011}}</ref> No credit card or subscription is required to register or obtain the credit score, which is updated monthly.<ref>{{cite web|last=Ulzheimer|first=John|title=Free Credit Scores (Seriously, They’re Really Free)|url=http://www.mint.com/blog/credit-2/free-credit-scores-seriously-they%E2%80%99re-really-free/|publisher=Mint.com|accessdate=1 July 2011}}</ref> More frequent credit score updates and other features like identity monitoring are offered at a cost.<ref>{{cite web|title=Credit Sesame - Premium Service|url=https://secure.creditsesame.com/s/premium/signup|accessdate=4 July 2014}}{{cite web|title=Credit Sesame Launches Premium Services to Better Protect People’s Credit and Identity|url=http://www.creditsesame.com/about/press/credit-sesame-launches-premium-services-better-protect-people-s-credit-identity/|accessdate=4 July 2014}}</ref>

Headquartered in [[Mountain View, California|Mountain View]], Calif., Credit Sesame launched in private beta at TechCrunchDisrupt 2010.<ref>{{cite web|last=Rao|first=Leena|title=The List Of Startups Launching At TechCrunch Disrupt|url=http://techcrunch.com/2010/09/27/the-list-of-startups-launching-at-techcrunch-disrupt-2/|publisher=TechCrunch.com|accessdate=1 July 2011}}</ref> As of September 2012, the company's registered users have a combined $35 billion of loans, which Credit Sesame monitors and analyzes for potential savings on a daily basis.<ref>{{cite web|last=Perez|first=Sarah|title=Credit Sesame Adds Social Comparison Tools, Lets You See How Your Debt Compares With People Like You|url=http://techcrunch.com/2012/09/13/credit-sesame-adds-social-comparison-tools-lets-you-see-how-your-debt-compares-with-people-like-you/|accessdate=13 July 2012}}</ref>

== Founder and Financing ==

Credit Sesame was founded by Adrian Nazari, the company's Chief Executive Officer, who previously co-founded Financial Crossing, Inc. and served as its President and CEO. He was also CEO and Chairman of the Board at Financial Circuit, Inc.<ref>{{cite web|title=EXECUTIVE PROFILE Adrian A. Nazari|url=http://investing.businessweek.com/research/stocks/private/person.asp?personId=7967414&privcapId=28748326|publisher=Bloomberg Businessweek}}</ref>

In March 2011, Credit Sesame announced that it had closed a $6.15 million second round of funding, led by [[Menlo Ventures]] and [http://www.inventuscap.com/ Inventus Capital].<ref>{{cite web|last=McDermid|first=Riley|title=Personal finance tool CreditSesame nabs $6.15M in new funding|url=http://venturebeat.com/2011/03/09/creditsesame-gets-6-5-million/|publisher=VentureBeat.com|accessdate=1 July 2011}}</ref> The company closed an additional $12 million in funding in June 2012.<ref>{{cite web|last=Perez|first=Sarah|title=With $20 Billion In Consumer Debt Under Management, Credit Sesame Closes $12 Million Series C|url=http://techcrunch.com/2012/06/11/with-20-billion-in-consumer-debt-under-management-credit-sesame-closes-12-million-series-b/|publisher=TechCrunch|accessdate=11 July 2012}}</ref>

==Analytics ==

Credit Sesame analyzes consumers' credit profiles based on the information in their [[TransUnion]]'s credit reports. As soon as a consumer's profile is created, Credit Sesame begins analyzing their current loans (including mortgage and credit card accounts) and looks for alternative loans. The mortgage and refinance loans Credit Sesame finds for its users are personalized, based on each individual user's credit file, the estimated value of their home and the financial goals they have set up upon registration. {{Citation Needed|December 2015}}

== Free Identity Theft Insurance ==
In April of 2014, Credit Sesame announced that they would provide users with free identity theft insurance with up to $50,000 in coverage.{{cn|date=May 2014}} This coverage only includes expenses that are incurred in restoring a consumers identity and not expenses that result from an identity being stolen.

In addition, Credit sesame also announced that users who had their identity stolen would also be able to access "...to identity restoration specialists"<ref>{{cite web|title=Identity Theft Protection|url=http://www.creditsesame.com/products/identity-theft/|accessdate=15 April 2014}}</ref>  to help in the process of restoring their identity.

== Business Model ==

Credit Sesame is free to consumers. The company makes money when a consumer closes on a loan obtained with the help of Credit Sesame. In March, 2014 the company launched premium services that included more frequent credit score updates than that offered with the free account and identity protection features.

== See also ==
*[[Credit Karma]]
*[[Mint.com|Mint]]
*[[Quizzle]]

== References ==
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[[Category:Credit management]]
[[Category:Companies based in Sunnyvale, California]]