Zebit was founded to provide better financial options for working Americans.
Zebit is on a mission to put financial control back into the hands of working Americans.
Zebit provides working Americans the healthiest credit available. Zebit can be accessed as an alternative to poor credit options, like payday loans or rent-to-own, or as a part of a financial wellness program designed to relieve the number one cause of stress—financial stress. By offering the ability to buy now and pay over time at 0% APR always, Zebit helps partners increase productivity, engagement, and retention within their organization, and helps our members plan, manage, and respond to life events responsibly.
We believe in being 100% transparent across everything we do and in the products we offer to working Americans. Whether they access Zebit directly or as part of a comprehensive financial wellness benefit sponsored by one of our partners, Zebit is making financial freedom possible.
Director, Product Management
Engineering & Analytics
Why we exist
In 2011, Marc Schneider and I began a process of creating solutions to serve working Americans with radically better credit options. We had seen too many hard-working people struggle with financial stress because of complex, confusing products. Many became trapped in a cycle of high-cost debt after being denied access to fair deals just because of a low credit score or nonexistent credit history. Options in the market that appeared good on the surface, hid onerous “Gotcha!” terms in the fine print. We researched the market, used our experience in data science, and committed to developing products that could level the credit playing field. By leveraging technology, we created a comprehensive, financial wellness program that offers education, planning tools, and no-cost (no-Gotcha!) healthy credit. Sponsors include employers, associations, unions, and affiliate organizations. Zebit was made possible through partnerships with sponsors and merchants who also want to improve the lives of working Americans. We ran a successful pilot in 2014, and in 2015, established Zebit, Inc.—an independent U.S. company based in San Diego, CA. In 2016 we launched a direct option for individuals without access through a sponsor—now everyone can experience the benefits of financial wellness! And, as always, Zebit’s credit remains interest-free. Our motto is “Be Free” and we mean it.
-Michael Thiemann, Zebit CEO