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Zest AI Secures Investment From Insight Partners To Accelerate Adoption Of Fairer And More Transparent Credit Underwriting Software Across Enterprise-Grade Lending Operations

Oct 20, 2020•over 4 years ago
Los Angeles

Description

 Zest AI, a leader in software for credit underwriting, today announced a $15M capital injection from Insight Partners, a leading global software investor. The funds will be used to accelerate the adoption of Zest's Model Management System for creating and deploying powerful, explainable, and compliant AI-based credit underwriting models. The investment will also fund Zest's efforts to drive more rigorous technologies and standards around algorithmic fairness, with the goal of de-biasing the consumer lending industry.

Company Information

Company

Zest Ai

Location

Los Angeles, California, United States

About

Zest AI makes the power of machine learning safe to use in credit underwriting. Lenders using Zest AI software make better decisions and better loans—increasing revenue, reducing risk, and automating compliance. Zest AI was founded in 2009 with the mission of making fair and transparent credit available to everyone and is now one of the fastest-growing fintech software companies. The company is headquartered in Los Angeles, California. Learn more at www.zest.ai and connect with us on Twitter at @Zest_AI or Zest AI's Insights blog.

FundzWatch™ Score

79
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