DigniFi Raises $14M Series A from BuildGroup and Exor Seeds and Secures $275M from Neuberger Berman Private Equity for its Auto Service Financing Platform
DigniFi Raises $14M Series A from BuildGroup and Exor Seeds and Secures $275M from Neuberger Berman Private Equity for its Auto Service Financing Platform
06/30/20, 10:44 AM
Location
seattleMoney raised
$14 million
Industry
lending
fintech
financial services
Round Type
series a
DigniFi, a financing platform for auto repairs and services, announced that it has raised $14 million in Series A funding from Austin-based BuildGroup, the permanent capital company started by Lanham Napier, formerly of RackSpace, and Exor Seeds, the venture arm of Exor N.V., the holding company of the Agnelli family (controlling shareholder of Fiat Chrysler, Ferrari, CNHI, PartnerRe, and Juventus). In addition, the company has signed an agreement with Neuberger Berman Private Equity to purchase up to $275 million of assets. The financing enables DigniFi to grow its network of 5,000 auto service centers to get Americans back on the road at a moment when automobiles are essential.
Company Info
Location
seattle, washington, united states
Additional Info
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 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, and maintenance packages. All credit products are originated by WebBank, Member FDIC. To date, DigniFi has helped over 6,000 small businesses across the nation secure almost $200 million in incremental transactions. For more information, visit DigniFi.com.