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Zest AI provides AI-powered software for lenders to improve credit decisions. It helps banks, credit unions, and other lenders assess risk more accurately using advanced machine learning, identifying borrowers who traditional credit scoring may miss. The product enables lenders to approve more loans while keeping risk under control by flagging and replacing risky applicants with more creditworthy ones, and by monitoring shifts in the lending landscape to adapt quickly. Compared with other fintechs, Zest AI emphasizes fairness and financial inclusion by expanding access to credit through smarter risk prediction and faster decisions. Its goal is to help lenders increase loan approval rates, reduce losses, and boost overall profitability while extending credit to more people.
Industries
Data & Analytics
Enterprise Software
Fintech
AI & Machine Learning
Company Size
201-500
Company Stage
Growth Equity (Venture Capital)
Total Funding
$550M
Headquarters
Burbank, California
Founded
2009
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Zest AI delivers record first half, fueled by 77% growth as lenders scale AI. Mike de Vere Zest AI, a leading provider of AI lending technology, today announced record first-half performance as banks, credit unions, and specialty lenders accelerate adoption of artificial intelligence. The company completed its strongest six-month period in its history, driven by success in winning new customers, continued expansion within its existing customer base, and growing demand for AI-powered underwriting, fraud detection, and generative AI solutions. "The momentum we're seeing reflects a broader shift in how financial institutions are approaching AI," said Mike de Vere, CEO of Zest AI. "Lenders are making larger investments, deploying AI more quickly, and expanding its use across the lending lifecycle-from underwriting and fraud prevention to lending intelligence. AI is becoming the core infrastructure for modern lending, helping financial institutions make smarter decisions and better serve their communities." H1 2026 Highlights: * Commercial momentum: Zest AI achieved 77% growth in bookings during the first half of 2026, driven by strong new customer wins and increased sales of additional solutions to its existing customer base. * Growing customer investment: Average new business deal sizes reached their highest level in several years, reflecting broader enterprise adoption and larger-scale AI deployments. * Strong platform expansion: Existing customers continued to deepen their use of the Zest AI platform, with multi-product adoption reaching record levels. Zest AI began the year with a strong first quarter, tripling adoption of its GenAI and fraud solutions. The second quarter brought several additional milestones that reinforced the company's leadership in AI-powered lending. Zions Bank and Hawaii Federal Credit Union selected Zest AI to strengthen their lending decisions. Launcher Solutions partnered with the company to integrate AI-powered underwriting insights into its loan origination platform. Zest AI also expanded its investment in industry education by launching three flagship events - the IQ Lending Forum Executive Conference and two regional AI Summits - designed to bring practical AI education and peer learning directly to credit unions nationwide. The quarter concluded with three industry honors: CNBC named Zest AI to its World's Top Fintech Companies list for the second consecutive year, American Banker highlighted Zest AI on its Best Fintechs to Work For List and Zest AI was selected as a finalist in the generative AI category of the Finovate Awards. "As AI becomes foundational to modern lending, our responsibility extends beyond building great products," said de Vere. "We're helping financial institutions understand how to deploy AI responsibly, scale it across their organizations, and create lasting value for their teams and the communities they serve. That's why we're investing not only in technology, but also in education and collaboration across the industry."
LAUNCHER.SOLUTIONS and Zest AI announce integration partnership to expand ai-powered lending capabilities. As fraud schemes become more sophisticated and lenders face increasing pressure to make faster, more confident lending decisions, access to reliable automation has never been more important." - Nikh Nath, President, LAUNCHER.SOLUTIONS JACKSONVILLE, FL, UNITED STATES, July 28, 2026 / EINPresswire.com / - LAUNCHER.SOLUTIONS ("Launcher"), a leading provider of loan origination technology for automotive lenders, banks, credit unions, and specialty finance companies, today announced an integration partnership with Zest AI, a leading provider of AI-powered technology that helps financial institutions enhance credit risk evaluation through advanced machine learning. This partnership enables lenders using Launcher's appTRAKER(TM) Loan Origination System to incorporate and automate decisioning based on Zest's AI's credit and fraud risk models into their existing underwriting workflow. The collaboration reflects a shared commitment to helping lenders modernize their lending operations through intelligent automation, improved decision support, and enhanced risk management. Together, Launcher and Zest AI will provide financial institutions with streamlined access to AI-driven credit and fraud risk insights within existing lending workflows. "As fraud schemes become more sophisticated and lenders face increasing pressure to make faster, more confident lending decisions, access to reliable automation has never been more important," said Nikh Nath, President of LAUNCHER.SOLUTIONS. "Through our partnership with Zest AI, we continue to expand the intelligence capabilities available within the appTRAKER(TM) platform, enabling lenders to strengthen credit risk evaluation, improve operational efficiency, and better defend against evolving fraud while preserving their existing workflows." "AI is becoming foundational to the future of lending, but adoption only accelerates when it integrates seamlessly into existing operations," said Jose Valentine, Head of Partnerships at Zest AI. "This integration gives lenders a practical path to modernize credit decisioning with transparent, proven AI that fits naturally into the systems they use every day." Lenders can leverage the combined strengths of appTRAKER(TM) and Zest AI to accelerate loan decisioning, increase automation, and enhance risk evaluation through advanced AI-driven insights. Launcher believes the future of lending depends on the responsible application of artificial intelligence, giving financial institutions the flexibility to adopt best-in-class AI technologies while maintaining transparency, regulatory compliance, and human oversight. By continuing to expand its ecosystem of trusted technology partners, Launcher empowers lenders to select the solutions that best align with their underwriting strategies, fraud prevention initiatives, compliance requirements, and operational objectives. About LAUNCHER.SOLUTIONS LAUNCHER.SOLUTIONS is a technology products and services company built on the foundation of care, understanding, innovation, and speed. It specializes in loan originations for consumer and automotive lending institutions, regional banks, and credit unions. Its product offerings include appTRAKER(TM) LOS for indirect automotive and consumer direct lending and leasing, myDEALER.CARE dealer relationship management system, and my.LOAN, a customer digital acquisition, account opening, self-service and communication platform. Learn more at https://www.launcher.solutions or call 877.5LNCHER. Follow LAUNCHER.SOLUTIONS on LinkedIn at https://www.linkedin.com/company/launcher.solutions. About Zest AI Founded in 2009, Zest AI is a leader in financial technology with a mission to modernize lending and strengthen the financial system. The company is working to transform the $17 trillion US consumer credit market by delivering AI technology that helps lenders identify creditworthy borrowers overlooked by legacy credit methods, while leveling the playing field for financial institutions of all sizes to harness AI. With over 1,500 active AI models and 50+ issued and pending patents, Zest AI is providing financial institutions with a comprehensive suite of solutions spanning underwriting, fraud detection, lending intelligence, and more to make smarter lending decisions that power growth and profitability. Learn more at Zest AI and connect on LinkedIn. Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Zest AI named to CNBC's World's Top FinTech Companies list for a second consecutive year. Business Wire Global recognition underscores Zest AI's leadership and impact helping lenders modernize underwriting, fraud detection and lending intelligence BURBANK, Calif., July 22, 2026-(BUSINESS WIRE)-Zest AI, a leader in AI lending technology, today announced it has been named to CNBC's 2026 World's Top FinTech Companies list in the Enterprise Fintech category, marking the second year in a row the company has earned this distinction. The list, produced by CNBC in partnership with Statista, recognizes fintech companies worldwide that are driving innovation and impact across the financial services industry. "Financial institutions are under more pressure than ever to modernize responsibly and are relying on AI that delivers measurable outcomes," Mike de Vere, CEO of Zest AI, said. "Back-to-back recognition on this list reflects both the momentum behind responsible AI in fintech, and our commitment to helping lenders enhance the borrower experience and build stronger portfolios. We're proud to help make that possible." Zest AI's return to the list comes as the company continues to scale its AI-powered lending platform across credit unions, banks, and specialty lenders. Financial institutions rely on Zest AI's credit underwriting models to automate up to 80% of loan decisions while helping identify creditworthy borrowers overlooked by legacy scoring models. Zest Protect strengthens fraud detection with greater visibility and control over risk tolerances, while LuLu, Zest AI's GenAI-powered lending intelligence platform, gives lenders real-time portfolio insights to make faster, more informed strategic decisions. Today, Zest AI supports financial institutions representing $5.6 trillion in assets and powers more than 1,500 active AI models. The recognition follows a year of continued momentum for Zest AI, including expanded adoption of its generative AI and fraud detection solutions, new strategic partnerships, and growing deployment of its lending platform across banks, credit unions, and specialty finance institutions. CNBC's World's Top FinTech Companies list is compiled through a combination of desk research by Statista and editorial input from CNBC. 3,500 eligible companies were assessed with publicly available data such as annual reports, company websites, and media monitoring, alongside companies that submitted key performance indicators such as revenue, growth, and employee headcount. This recognition reflects Zest AI's ongoing impact and innovation in enterprise fintech.
The algorithm of altruism. Posted 24 March, 2026 The successful pilot between Nestlé, Zest, and FareShare is more than a feel-good CSR story; for those behind it, it is a proof-of-concept for a structural shift in how the global food chain handles inefficiency. For decades, food waste has been a data blind spot - an accepted cost of doing business because manual tracking was too slow to match the shelf-life of perishable surplus. Here is why this AI-led model has the legs to transform the industry permanently: 1. Turning waste into a profit centre The project demonstrated a 15-fold increase in revenue by identifying edible surplus that previously would have been downgraded to animal feed or landfill. In an era of record-high raw material costs and razor-thin margins, AI shifts the narrative from charitable giving to asset recovery. When sustainability aligns with the balance sheet, adoption moves from optional to inevitable. 2. Real-time logistics versus perishable windows The fatal flaw in traditional redistribution is time. By the time a human identifies a surplus on a production line, the logistical window to move it safely to a charity often closes. Zest's "AI factory intelligence layer" solves this by syncing manufacturing data directly with the real-time capacity of partners like Company Shop Group. It creates a just-in-time supply chain for surplus, ensuring food reaches a plate while it is still at peak quality. 3. Overcoming data silos Large-scale manufacturing is notoriously fragmented. This pilot proved that AI can act as a unifying fabric, connecting production, logistics, and charity demand into a single connected care ecosystem. As the Sustainable Ventures White Paper suggests, the long-term success of this model depends on reaching a critical mass of users. Once a single, unified platform becomes the industry standard, the cost of participation drops while the social and environmental impact scales exponentially. The bottom line Food & Drink Technology is entering an era where "leaving surplus unmanaged is a choice," as Zest CEO Dini McGrath noted. By de-risking the technology through this £1.9m BridgeAI project, the consortium has provided the blueprint for a resilient, circular food system. Long-term, this isn't just about saving meals; it's about building a smarter, more competitive food industry that finally values every calorie produced. * Rodney Jack, editor, Food & Drink Technology. Keep in touch via email: [email protected] X: @foodanddrinktec or LinkedIn: Food & Drink Technology magazine.
Commonwealth Credit Union and Zest AI have launched CU Lending Collective, a credit union service organisation designed to bring AI-powered lending technology to small credit unions. The CUSO aims to help smaller institutions adopt enterprise-grade AI without typical cost and complexity barriers. The collective will provide participating credit unions with custom AI-powered scoring models for assessing credit risk across consumer products including auto loans, personal loans and credit cards. The programme includes regulatory compliance support, operational guidance and technology management from Zest AI. Commonwealth Credit Union reported loan growth exceeding 14% in 2025 after partnering with Zest AI, whilst maintaining strong delinquency performance. The collective will host a webinar on 25 February to explain how the programme enables smaller institutions to compete with larger lenders.
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Industries
Data & Analytics
Enterprise Software
Fintech
AI & Machine Learning
Company Size
201-500
Company Stage
Growth Equity (Venture Capital)
Total Funding
$550M
Headquarters
Burbank, California
Founded
2009
Find jobs on Simplify and start your career today