Zestful is a company founded by Carson Potter, Jeff Peterson, and Mat Vogels in 2016. It operates a company that provides a platform for employee reward management and distribution. Zestful is a company based in Denver, Colorado, United States.
Zestful’s platform allows companies to manage employee rewards, outside of the remuneration they receive for their job. Zestful offers several types of employee reward programs; such as allowances, spot rewards, birthdays & anniversaries, as well as peer-to-peer. The reward program does not use a point-based system, rather it uses fiat currencies. For allowances, Zesftul provides companies with the ability to set the amount of money each employee receives according to their in-house employee benefits policy. Some examples include meal plans, fitness plans, or charity. Spot rewards are one-off automated rewards that authorized individuals can give for other employees’ performance; peer-to-peer operates similarly, but any employee can do it using their own balance. Each employee’s balance can be redeemed in Zestful partners through a Visa card issued for each employee.
Since October 2016, Zestful has managed to raise $6.2 million through four funding rounds and has just started a seed round in September 2019. Investors who have provided capital for Zestful were Third Kind Venture Capital, Thrive Capital, BoxGroup, and Matchstick Ventures. Zestful also participated in the YC W17 cohort of Y Combinator and raised an estimated $120,000.