Zest AI Secures $200 Million Growth Investment
Zest AI, a Burbank, CA-based technology company that provides AI-driven lending solutions, has raised a $200 million growth investment.
The investment came from Insight Partners, a global software investor supporting high-growth tech and internet companies. With over $80 billion in assets under management as of June 2024, it has invested in over 800 companies, including 55+ IPOs. Headquartered in New York City, with offices in London, Tel Aviv, and the Bay Area, Insight provides hands-on expertise to help visionary leaders scale from initial investment to IPO.
The funding will enhance Zest AI's product portfolio, focusing on fraud protection, generative AI, and cutting-edge lending solutions.
Zest AI is on a mission to broaden access to equitable lending. The company leverages artificial intelligence (AI) to transform credit underwriting in the financial services industry. With over 50 patents, Zest AI has developed and deployed over 500 active proprietary AI consumer credit models that help lenders make smarter lending decisions. Since 2009, they have worked with financial institutions to use AI lending technology to better serve their borrowers. Today, Zest AI works with all types of lenders as a catalyst for economic equity by helping them leverage AI's potential for good.
Funding Details
Company: Zest AI
Raised: $200.0M
Round: Growth
Funding Date: December 2024
Investor: Insight Partners
Company Website: https://www.zest.ai/
Software Category: AI Lending Solutions