ZestCash Raises $19 Million to Provide Short-Term Loans

Loan service ZestCash has raised $19 million in funding to expand its short-term loans and debt financing. The funding comes from Lightspeed Venture Partners, GRP Partners, Flybridge Capital Partners and Lighthouse Capital Partners. GigaOM reports that Lighthouse’s contribution of $8 million is specifically for debt financing. ZestCash’s loans are data-driven; they offer loans to those whose online data says they’re credit worthy.

ZestCash is led by Douglas Merrill, former CIO at Google, and the company’s credit assessments are compared to Google’s PageRank technology.

ZestCash Raises $19 Million to Provide Short-Term Loans Comments

  1. Elaine says:

    Good concept. It is timely for the economy we are in right now.

  2. cash advance says:

    Credit card companies in some countries have been accused by consumer organisations of lending at usurious interest rates and making money out of frivolous "extra charges".[

  3. Elliott says:

    It is primarily given based on somebody’s ability to send back the loan amount. The no cash check policy allows the consumers to receive the required loan without going with the unnecessary hassle of waiting.

Leave a Comment