Zest AI

Zest AI

AI software for lending and credit assessment

About Zest AI

Simplify's Rating
Why Zest AI is rated
B+
Rated A on Competitive Edge
Rated A on Growth Potential
Rated C on Rating Differentiation

Industries

Fintech

AI & Machine Learning

Financial Services

Company Size

51-200

Company Stage

Growth Equity (Venture Capital)

Total Funding

$550M

Headquarters

Burbank, California

Founded

2009

Overview

Zest AI enhances the lending process for financial institutions by using artificial intelligence to improve credit risk assessment. Its software utilizes advanced algorithms to identify potential borrowers who may be overlooked by traditional credit scoring, allowing lenders to approve more loans while managing risk. The company focuses on promoting financial inclusion by making lending fairer and more accessible. Zest AI generates revenue by selling its software to banks and credit unions, helping them increase loan approval rates and profitability.

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Simplify's Take

What believers are saying

  • $200M investment from Insight Partners accelerates product development and market expansion.
  • Integration with Sync1 Systems enhances digital experience and operational efficiency for lenders.
  • LuLu Pulse addresses analytics gaps, offering deep insights for credit unions.

What critics are saying

  • Rapid generative AI adoption may increase competition from other fintech companies.
  • Dependency on third-party systems like Sync1 Systems poses service delivery risks.
  • AI-driven fraud rise challenges Zest AI's detection capabilities, requiring continuous innovation.

What makes Zest AI unique

  • Zest AI uses machine learning to enhance credit underwriting accuracy and fairness.
  • LuLu Pulse offers credit unions a centralized hub for improved lending decisions.
  • Zest Protect provides advanced fraud detection, safeguarding borrower experience against AI-driven fraud.

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Funding

Total Funding

$550M

Above

Industry Average

Funded Over

6 Rounds

Growth Equity VC funding comparison data is currently unavailable. We're working to provide this information soon!
Growth Equity VC Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

401(k) Company Match

Unlimited Paid Time Off

Parental Leave

Phone/Internet Stipend

Wellness Program

Paid Holidays

Growth & Insights and Company News

Headcount

6 month growth

4%

1 year growth

-1%

2 year growth

-2%
PR Newswire
Feb 28th, 2025
Zest Ai Introduces Lulu Pulse - The First Module Of Its Lending Intelligence Platform Available To All Credit Unions

Credit unions can now use generative AI to access industry data for peer benchmarking and financial analysis to drive better lending decisions and operationsBURBANK, Calif., Feb. 27, 2025 /PRNewswire/ -- Zest AI , a leader in AI lending technology, today announced the launch of LuLu Pulse , the first module of Zest AI's Lending Intelligence Platform powered by generative AI that is now available for all credit unions. By integrating industry public data and institution-specific data for customization, LuLu Pulse serves as a centralized intelligence hub that consolidates multiple data sources into a single, authoritative platform. Credit unions can access insights to improve their lending operations and credit risk management to make smarter lending decisions."In an environment where 73 percent of lenders lack effective analytics capabilities, LuLu Pulse emerges as a first-of-its-kind solution that offers financial institutions a streamlined path to deep, customized insights that help them thrive in an increasingly competitive and AI-driven future," said Mike de Vere, CEO at Zest AI. "We've eliminated the technical barriers – decision makers now have the intelligence they didn't have before to surface impactful insights to improve their lending operations and decisions. By democratizing data access and making curiosity the only limit, teams can uncover creative solutions faster and drive stronger business outcomes

PR Newswire
Jan 30th, 2025
Zest AI Expands Credit Union Fraud Protection Through Integration with Sync1 Systems

BURBANK, Calif., Jan. 30, 2025 /PRNewswire/ - Zest AI, the leader in AI lending technology, today announced an expanded partnership with Sync1 Systems, an industry-leading cloud-based Loan Origination System, focused on lending and digital experience.

Tech Startups
Dec 13th, 2024
Zest AI secures $200M growth funding from Insight Partners to advance AI-driven lending solutions

Zest AI, a fintech startup revolutionizing lending with AI-driven solutions, announced today it has raised a $200 million growth investment from Insight Partners.

Finsmes
Dec 13th, 2024
Zest AI Raises $200M in Growth Funding from Insight Partners

Zest AI, a Burbank, CA-based leader in AI lending technology, received a $200m growth investment from Insight Partners.

Fortune
Dec 13th, 2024
Exclusive: Zest AI snags $200 million growth investment from Insight Partners

Zest AI—a company providing AI-powered credit scoring and underwriting solutions—has received a $200 million growth investment from Insight Partners.

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