Zest AI

AI software for lending and credit assessment

Burbank, California, United States

About Zest AI

Zest AI improves the lending process for financial institutions by using artificial intelligence to enhance credit risk assessment. Its software employs advanced algorithms and machine learning to help lenders make more accurate credit decisions, identifying potential borrowers who might be missed by traditional scoring methods. This approach allows lenders to approve more loans while managing risk effectively by pinpointing the riskiest borrowers and replacing them with more creditworthy candidates. Zest AI's software also adapts to changes in the lending landscape, providing insights that help lenders seize new opportunities. A key aspect of Zest AI's mission is to promote financial inclusion by making lending fairer and more accessible, ultimately increasing loan approval rates and improving profitability for lenders.

Burbank, CaliforniaHeadquarters
2009Year Founded
$340.5MTotal Funding
GROWTH_EQUITY_VCCompany Stage
Fintech, AI & Machine Learning, Financial ServicesIndustries
51-200Employees

Risks

AI-driven fraud poses a significant threat to Zest AI's clients.
Integration with Point Predictive may expose data privacy and security risks.
LuLu's reliance on large language models may lead to data accuracy challenges.

Differentiation

Zest AI uses machine learning to enhance credit underwriting accuracy and fairness.
The company offers AI-powered fraud detection with its Zest Protect solution.
Zest AI's LuLu provides strategic insights through a generative AI lending intelligence companion.

Upsides

Zest AI secured $200M funding to expand its AI-driven lending solutions.
The partnership with nCino enhances efficiency in AI-automated underwriting.
Zest Protect addresses rising fraud, offering a competitive edge in fraud prevention.