ZestCash, a company founded by former Google CIO and VP of engineering Douglas Merrill to legitimize the payday loan industry, is announcing a new patent pending credit decisioning model to better analyze credit risk. ZestCash also introduced Hollerith, a new set of underwriting models that allow the company to extend credit to 25 percent more Americans and increase repayment from customers by 20… → Read More
ZestCash, a company founded by former Google CIO and VP of engineering Douglas Merrill to legitimize the payday loan industry, has raised $73 million round of funding. The company raised $23 million in an equity round led by Matrix Partners. Existing investors Lightspeed Venture Partners, GRP Partners, Flybridge Capital Partners, and Lighthouse Capital Partners also fully participated in the… → Read More
With more than 60 million Americans considered “underbanked,” meaning they have no access to credit or conventional banks, there have been a plethora of companies that have emerged to help better serve this community through technology. GreenDot, PayNearMe and others all offer banking options to the underbanked. Today, former Google CIO and VP of engineering Douglas Merrill is launching a new… → Read More
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