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Venture Capital News: Zest AI Secures $50M Growth Capital

LOS ANGELES, CA, Zest AI, a leader in automating underwriting, has raised over $50 million in a new growth round.
Zest AI, a leader in automating underwriting with more accurate and inclusive lending insights powered by AI, has raised over $50 million in a new growth round. The round was co-led by existing global software investor Insight Partners and new investor CMFG Ventures, with participation from CU Direct, Curql, Suncoast Credit Union, Golden1 Credit Union, Hawaii USA Federal Credit Union, and NorthGate Capital.

Zest AI makes the power of machine learning safe to use in credit underwriting, helping lenders 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.
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