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Zest AI
Software for credit underwriting
- 101-200 employees
- B2B
- Artificial Intelligence
- Lending
- Machine Learning
- Financial Services
- SaaS
- Burbank, CA
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Company mission
To minimize lending risk by empowering lenders to make better-informed decisions and better loans.
31% employee growth in 12 months
Our take
Zest AI is a company taking the benefits of AI to the credit underwriting world. It has helped banks and credit unions navigate the sometimes poorly representative data of credit scores in making their credit decisions. These can sometimes identify good borrowers as unfit for loans, and Zest AI helps pick up those who have fallen through the cracks.
According to the company, this can result in a 20% increase in credit approvals with no additional risk to unions, and a 50% reduction in charge-offs. Therefore, Zest AI can lead to faster and more lucrative credit decisions, making theirs an attractive solution for credit unions, too.
This win-win offering has helped Zest AI become a key partner across the US, along with being appointed a CUNA Strategic Services alliance provider, and has helped it achieve an impressive $145 million in funding to date.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Weekly company wide “all hands” meetings
- Virtual weekly happy hours, sometimes casual and other times with a focus around topics like racial discrimination and LGBTQ+ history
- Employee care packages to make WFH more enjoyable
- Robust healthcare plans, matching 401K and unlimited vacation time
Funding (last 2 of 7 rounds)
Nov 2022
$50m
LATE VC
Jun 2021
$18m
LATE VC
Total funding: $150m
This company has top investors
Leadership
Mike de Vere
(CEO)Previously a Managing Director of Consumer Insights & Innovation at Nielson.