ZestFinance Receives New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3f3c08db-1c0a-4e39-b7a6-4369c290aa6c
Date
7/18/2016
Company Name
ZestFinance
Mailing Address
6636 Hollywood Blvd. Los Angeles, CA 90028 USA
Company Description
ZestFinance offers a fair and transparent alternative for people who need short-term loans but do not have access to traditional credit. We designed ZestCash loans to help people meet their basic life needs without getting themselves into a vicious debt cycle.
Website
http://www.zestfinance.com
Transaction Type
Venture Equity
Transaction Amount
Undisclosed
Transaction Round
Undisclosed
Proceeds Purposes
As part of the investment, Baidu will be using ZestFinance’s underwriting technology to determine creditworthiness of its users.
M&A Terms
Venture Investor
Baidu