A Comparison of Two Financial iPhone Apps

As a start-up, funding is everything. While countless start-ups start (and fail) each and every day, there are few and far between with an excellent idea and even better funding. Two of the newest finance-based start-ups with excellent funding and even better ideas, Credit Sesame and Lemon, have bright futures thanks to the funding they’ve recently received. Here, you’ll learn a little more about each and what you can expect from both in years to come.

Credit Sesame

The services provided by Credit Sesame, a credit and loan monitoring start-up, are meant to help people keep track of all sorts of debts and loans: mortgages, credit cards, consumer loans, and student loans. Users of the service will also be able to check and monitor their credit scores and will better enable users to save money in the long-run. Experts agree that a service like Credit Sesame is valuable, since U.S households collectively have close to $15 trillion in credit expenses. The company will use analytics to analyze your credit profile, against thousands of available financial tools in the market, in order to find the one that’s ideal for you. The start-up, founded in 2010, has raised close to $20 million in funding to date and recently closed a new $12 million third round of funding.

Credit SesameImage credit to Credit Sesame

 

Lemon

For those interested in Google Wallet and other apps, which enable you to store card information using your phone, you’ll enjoy Lemon. Lemon, which launched just last year, takes the wallet idea a step further and includes an area in your phone to store credit, debit, health insurance, ID, and loyalty cards. All you have to do is snap a photo of the front and back, and your card information will be stored in the app. Unlike other similar apps, users won’t be able to pay for merchandise using Lemon. Lemon is strictly a storage-only app and will eradicate the problems which occur after losing a wallet. The information is protected by a PIN, and the company recently announced an $8 million funding round.

LemonImage credit to the iTunes App Store.

 

If innovations in the financial industry have always interested you, be sure to keep an eye out for these two start-ups in the coming years. Use Lemon to keep track of your cards in case of an emergency, and use Credit Sesame to better monitor the use of those cards! By using both services together, you’ll be well on your way to being more organized and an overall better financial planner. If you have a need for a credit card to use these effective apps with, feel free to browse through those offered by eCreditCards.com!

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