DigniFi Announces 5M Financing Round

By VC News Daily

SEATTLE, WA, DigniFi, a leading FinTech company specializing in automobile repair financing, is thrilled to announce the addition of two new strategic funding partners on May 14, 2024.

Encina Lender Finance provides up to a $150 million credit facility while Brigade Capital Management contributes an additional $25 million in debt financing.

DigniFi is a FinTech company and leader in the world of transportation. We help auto dealers and small businesses across the country grow their revenue and delight their customers with access to visionary, inclusive financing. Our technology simplifies the loan application process and enables small businesses to offer on-the-spot financing, for auto repairs, parts and accessory purchases, maintenance packages, insurance deductibles, and vehicle service contracts. All credit products are originated by WebBank.

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Source: VC News Daily