Credit Sesame Enlists Green Dot to Enhance Sesame Cash Digital Banking Offering

Credit Sesame, one of the first platforms to provide consumers free and ongoing access to their full credit information and profile, is partnering with Green Dot Corporation (NYSE: GDOT) to power and enhance its Sesame Cash smart digital banking service designed to help customers grow their savings. Leveraging Green Dot’s embedded finance platform, Arc, Credit Sesame will offer users access to FDIC-insured demand deposit accounts (DDAs) at launch.

Following the recent release of Credit Sesame’s newest AI-backed management platform, Sesame, additional new services – such as credit-building tools – will also become available to Sesame Cash users as part of this partnership.

“At Credit Sesame, our mission has always been to make financial wellness accessible to everyone by helping consumers grow both their credit and their cash,” said David Bagatelle, Head of Global Operations and Banking, Credit Sesame. “This partnership with Green Dot allows us to scale Sesame Cash faster and deliver smarter, more accessible tools to help people transform their finances more quickly. With their banking infrastructure and like-minded dedication to financial inclusion, we’re excited to deliver an even more powerful Sesame Cash experience that empowers people to take control of their money and their future.”

Following the Arc integration, soon-to-come enhancements on the Sesame Cash roadmap include Sesame Credit Builder, which will allow users to build and improve their credit scores with everyday debit purchases – from coffee to subscriptions and more. Activity is reported to the major credit bureaus, helping users improve their credit scores with each payment.

“We are thrilled to partner with Credit Sesame to support, enhance and grow the Sesame Cash banking experience for their users,” said Renata Caine, GM/SVP of Embedded Finance, Green Dot. “Our shared commitment to improving consumers’ financial health through embedded financial services provides a strong foundation for this partnership, and we look forward to continued innovation with Credit Sesame for years to come.”

With the Credit Sesame Green Dot Partnership, Sesame Cash users can expect an upgraded banking experience and innovative credit-building features.