Zebit Raises $25m In Venture Funding
If you find a great opportunity for investment or you need something to buy, but your credit is not enough to support your pocket, then take a look at Zebit, which provides you instant cash for all your requirements. Now you will be able to get support for all the micro-lending businesses from San Diego-based data platform. Headed by Mohr Davidow Ventures and Leapfrog Ventures, QED Investors and Crosslink Capital, Zebit closed $25 million in a series D funding round.
The company was launched in 2011 as a reliable platform for financial transactions, having a mission statement “to help people buy the things they want, when they want them, on terms that best suit their needs.” The main idea behind the creation of Zebit is to support businesses work with customers who do not have a complete access to credit. With the help of Adaptive Data Fusion, they can easily make purchases while using a single, customizable platform. This is also fruitful for the companies such as online retailers.
“This is a science that has been used traditionally in military and wireless sensor applications – taking big, complex streams of data from multiple sources and transforming them into actionable inferences that are superior to using the data streams individually,” Michael Thiemann, CEO, said in a press release. “We’ve applied this to Zebit, the first platform that performs underwriting on a per-transaction basis – because each customer transaction is inherently different, involving a unique purchase, unique variables and a distinct point in time — the holy grail of risk management.”
Global Analytics Holdings, Inc will provide reasonable funding to help and support Zebit, so that it can grow quickly. At present, the company claims to have completed over million transitions.
