Denim secures $63 million in a warehouse facility financing from Silicon Valley Bank and Trinity Capital Inc.

May 30, 2024•over 1 year ago

Amount Raised

$63 Million

Jersey CityLogistics

Investors

Trinity Capital Inc.Silicon Valley Bank

Description

Denim has secured a $63 million warehouse facility financing led by Silicon Valley Bank (SVB), a division of First Citizens Bank, in partnership with Trinity Capital Inc. The financing provided by SVB's National Fintech Practice and Trinity Capital Inc. will allow Denim to continue supporting the cash flow and operational needs of growing freight brokers.

Company Information

Company

Denim

Location

Jersey City, New Jersey, United States

About

Denim is an innovative fintech company dedicated to providing essential financial solutions and back-office automation to the transportation industry. Specializing in factoring, payment processing, AP/AR management, and working capital solutions, Denim helps carriers maintain healthy cash flow and achieve financial stability, and assists brokers in operating more securely and efficiently.

Related People

1 contact

Funding Insights

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