Credit and loan management startup Credit Sesame laid off close to 14% of its workforce on Wednesday, as someThe Mountain View-based company confirmed that it cut 22 out of 160 employees, in a statement to Business Insider. It also said that restrictions from credit suppliers amid the pandemic had squeezed its credit business, which allows customers to monitor credit scores.
"Due to restrictions by our credit suppliers as a result of COVID-19 and the effect it has had on our credit business, we made the decision to say goodbye to 22 of our 160 employees," a statement from Credit Sesame said. "This was an incredibly difficult decision for us, but one that was necessary to continue to serve our customers long term."
Credit Sesame is a longstanding startup in the personal finance space, competing alongside incumbents like Credit Karma and NerdWallet. It launched in 2010, with the aim of improving financial health for its customers by helping them compare loans and keep track of credit scores. The company also issues recommendations for refinancing home mortgages. In addition, ita digital banking service in March 2020, focused on allowing customers to improve credit scores.
The company has so far raised $135.4 million, and counts Menlo Ventures and Capital One Ventures among its investors. Before the coronavirus pandemic hit the US, the startup said it planned to go public this year,
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nextdoor cofounder Sarah Leary joins Unusual Ventures as partner - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
True Ventures partner Om Malik calls for people to leave Facebook - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Can someone summarize what he is saying? It's behind a paywall and I am not in the mood to subscribe to everything on the planet. Which platform meets with his approval? I've never seen a single msg from Trump on FB. If he wants to spout lies there what do we care? It was a tweet
Source: BusinessInsider - 🏆 729. / 51 Read more »
Apple veterans raising $90 million for Europe's C4 Ventures - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Experian Boost review: What the credit booster can and can't do - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 'We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.' Don't be fooled, they want to track your bank account!! And insider gets a commission.
Source: BusinessInsider - 🏆 729. / 51 Read more »
A pizza chain is offering paid time off for employees who want to protest - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Do they also offer work from home options? thank you andpizza for supporting our brave young Americans!!!! soon.. you will cry ..on the knies… for me. fbnewsroom
Source: BusinessInsider - 🏆 729. / 51 Read more »