Digital bank service Sesame Cash collaborates with Green Dot to elevate their digital banking solution offerings.
In a groundbreaking move, Credit Sesame, a fintech company dedicated to financial wellness, and Green Dot Corporation, a leading provider of mobile banking solutions, have joined forces to power and enhance Credit Sesame's Sesame Cash digital banking service.
The partnership aims to deliver an even more powerful Sesame Cash experience that empowers people to take control of their money and their future. Renata Caine, the General Manager and SVP of Embedded Finance at Green Dot, and David Bagatelle, the Head of Global Operations and Banking at Credit Sesame, share a like-minded dedication to financial inclusion.
The new Sesame Credit Builder tool, introduced through this partnership, enables users to build and improve their credit scores by recording everyday debit purchases. This feature integrates with Green Dot’s Arc platform to offer FDIC-insured demand deposit accounts and aims to democratize financial wellness by making credit building accessible through routine spending habits.
Key features and benefits of the Sesame Credit Builder tool include:
- Building credit automatically with everyday purchases made through the Sesame Cash debit account, helping users improve their credit profiles without requiring separate credit lines or loans.
- Access to FDIC-insured accounts via Green Dot’s Arc platform, ensuring secure banking for users.
- Integration within the broader Sesame Cash digital banking service, which includes credit score monitoring, alerts, and credit-building credit card options.
- The partnership enhances users’ ability to manage money and improve credit in a seamless, low-barrier way with automated credit building embedded in daily financial activities.
Each payment made through Sesame Credit Builder can help improve a user's credit score. Sesame Cash, designed to help customers grow their savings, will offer users access to credit-building tools through the partnership with Green Dot.
Green Dot looks forward to supporting and enhancing the Sesame Cash banking experience for Credit Sesame users. The company is excited about the continued innovation with Credit Sesame for years to come. Green Dot shares Credit Sesame's commitment to improving consumers' financial health through embedded financial services.
Credit Sesame's mission is to make financial wellness accessible to everyone by helping consumers grow both their credit and their cash. The partnership between Credit Sesame and Green Dot continues to focus on delivering smarter, more accessible tools for users to scale Sesame Cash and manage their finances effectively.
[1] Credit Sesame Press Release, "Credit Sesame and Green Dot Corporation Partner to Power and Enhance Sesame Cash Digital Banking Service", [link to press release] [2] Green Dot Corporation, "Arc Platform", [link to Green Dot's Arc Platform page] [3] Green Dot Corporation, "Green Dot Corporation and Credit Sesame Announce Strategic Partnership to Power and Enhance Sesame Cash Digital Banking Service", [link to Green Dot's announcement] [4] Credit Sesame, "Sesame Cash", [link to Credit Sesame's Sesame Cash page] [5] Credit Sesame, "Sesame Credit Builder", [link to Credit Sesame's Sesame Credit Builder page]
- This partnership between Credit Sesame and Green Dot Corporation, two companies deeply invested in financial inclusion, employs technology to deliver a more powerful digital banking experience through Sesame Cash, aiming to make financial wellness more accessible to everyone.
- The integration of the Sesame Credit Builder tool, a feature of the enhanced Sesame Cash service, leverages technology to allow users to automatically build their credit scores with everyday debit purchases, thereby merging business, finance, and technology to promote financial empowerment.
