Credit score and loan management platform, Credit Sesame, has raised $43 million so far in its latest funding round, which is likely to be the last before the firm goes public, writes Jane Connolly of Fintech Futures (Finovate’s sister publication).

The round, led by ATW Partners with participation from previous investors, has not yet closed. TechCrunch reports CEO and founder, Adrian Nazari, believes the company is on track to achieve a $1 billion valuation when the round does close.

The funding is a combination of equity and debt for the profitable company, which has seen 90% annual revenue growth for the last five years. It will be spent on business expansion and developing Credit Sesame’s RoboCredit artificial intelligence algorithms, which enable consumers to see what actions they can take to improve their credit scores.

Nazari said this is likely to be the last funding round before launching an IPO and the company has no plans to look at mergers or acquisitions until after it goes public.

“Credit Sesame is revolutionizing how consumers manage their credit,” said Kerry Propper, co-founder and managing partner of ATW Partners. “What once was a mystery and black box is now distilled by Credit Sesame’s PCM platform into easy to digest actionable insights that can effortlessly and meaningfully change a consumer’s credit and financial health.”

Users of Credit Sesame, which coined the term “Personal Credit Management,” can check their initial credit score and look at debt rebalancing options for free, but pay fees to take up products referred through the engine.

Founded in 2010 and headquartered in Mountain View, California, Credit Sesame demonstrated its credit-based PFM for a co-branded environment at FinovateSpring 2015.

Credit service and financial wellness company Credit Sesame has raised more than $42 million in funding. Featuring new and existing investors such as Menlo Ventures, Inventus Capital, Globespan Capital, IA Capital, and SF Capital, the combined equity ($26.6 million) and venture debt ($15.5 million) financing will take Credit Sesame’s total capital to more than $77 million. The funding will help speed Credit Sesame’s growth, enable the company to hire more than 100 new employees over the next 12 months, and “advance its analytics, robo advisor and machine learning technologies.”

That’s right. Robo advisor. In addition to the company’s funding announcement, Credit Sesame founder and CEO Adrian Nazari introduced new robo advisory technology that enables consumers to automate the management of their credit and loans. Credit Sesame sees this as “addressing the liability side of the balance sheet” rather than the asset side typically watched over by most robo advisors.

Credit Sesame CEO and founder Adrian Nazari demonstrating the company’s credit-based PFM solution at FinovateSpring 2015.

“While many companies have spent the last few years catching up to our free credit score offering for consumers, Credit Sesame has been developing and proving robo advisor technology.” Nazari said. He added, “this technology translates consumer financial and credit information into simple and actionable steps that consumers can easily understand and utilize to improve their financial profile and leverage their credit.”

Founded in 2010 and headquartered in Mountain View, California, Credit Sesame demonstrated its credit-based PFM for a co-branded environment at FinovateSpring 2015. With more than 12 million members, Credit Sesame’s mobile and online solutions give consumers free access to their credit profile, including their credit score, credit report grades and monitoring, as well as interactive tools and tips for securing better borrowing options such as low or no-balance credit card offers and debt consolidation loans.

Credit Sesame has achieved 100% annual growth for the past three years, reaching profitability earlier this year. This spring, the company launched a new service to pre-qualify members for credit cards. In February, Nazari was named to the Entrepreneur’s List of Most Inspirational Leaders in 2017, one month after earning similar recognition from Inc.com.