Auto lending software platform DigniFi collects funding

Dignify, which assists the automotive industry with simplified loan application processes, has raised funding from Brigade Capital Management.

With the fund, Dignify hopes to execute its three-year growth strategy, which focuses on operational sustainability, product development and commercialization, and expansion into transportation-adjacent markets and ecosystems.

DigniFi gives auto dealers and small businesses the tools to increase their revenue and provide inclusive financing. Its technology simplifies the loan application process and enables small businesses to offer on-the-spot financing for auto repair, parts and ancillary purchase and maintenance packages.

As part of the deal, a representative of brigade Will join the Board of Directors of DigniFi as an advisor and supervisor.

Dignify previously raised $14 million in its Series A, led by Buildgroup.

Last year, Brigade led the $29m debt and equity funding round of Invoice Payment System Now.

Copyright © 2022 Fintech Global


The following investors were tagged in this article.

See also  What is ALLM? Auto Low-Latency Mode Explained