Fintech company Zest AI received a $15 million investment from Insight Partners, a global software investor, the company announced on Tuesday.

The Burbank firm will use the money to accelerate adoption of its Model Management System for creating and deploying artificial intelligence-based credit underwriting models.

Zest AI develops software that’s used to determine the credit worthiness of loan applicants. It sells its software to banks, large credit unions, auto loan providers and large mortgage companies. The company was founded in 2009 by Douglas Merrill, former chief innovation officer at Google.


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