ZestFinance Gets $150M In Debt Financing

Los Angeles-baesd online lender ZestFinance said today that it has raised $150M in debt financing, from Fortress Investment Group. ZestFiance said the funding goes towards the company's Bastix loan service, which is aimed at providing loans to people who normally would not be able to qualify for loans from traditional banks. ZestFinance was founded by Douglas Merrill, former CIO of Google; the company is venture backed by Peter Thiel, Matrix Partners, Kensington Capital Holdings, and Eastward Capital Partners.