Digitt announced that it has secured a $50 million financing facility from Victory Park Capital. The facility will support Digitt’s continued growth as it expands access to transparent, fixed-rate installment loans for consumers in Mexico. Digitt is a fintech company offering credit card debt refinancing for prime borrowers in Mexico.
The company’s lending model was inspired by co-founder and CEO David García’s personal experience with the credit card lending market in Mexico.
Founded in 2019, Digitt serves consumers who often carry credit card balances at annual rates that can range from 70% to 150%.
Digitt’s installment loan product offers significantly lower annual rates, helping consumers refinance or consolidate existing credit card debt.
The financing from Victory Park Capital will help Digitt expand its credit card refinancing portfolio.
The company also plans to continue investing in its technology, underwriting, and servicing capabilities as it scales across Mexico.
Digitt’s broader mission is to lower the cost of credit in Mexico by providing consumers with access to affordable, flexible, and predictable credit products.
Victory Park Capital is a global alternative investment firm specializing in private credit and asset-backed finance.
The firm also offers structured financing and capital markets solutions through its affiliate platform, Triumph Capital Markets.
Founded in 2007 and headquartered in Chicago, Victory Park Capital became a majority-owned affiliate of Janus Henderson Group in 2024.
Digitt is based in Mexico and focuses on helping creditworthy individuals refinance debt through technology-enabled lending products designed for the local market.
KEY QUOTES:
“We’re excited to partner with Victory Park Capital, a firm that shares a strong belief in the power of technology-enabled financial services. This facility strengthens our ability to help more Mexican consumers reduce the burden of high-interest credit card debt, while continuing to scale a platform built around transparency, responsible underwriting and better borrower outcomes.”
David García, Co-Founder and CEO of Digitt
“Digitt has built a differentiated platform addressing a large and underserved segment of the Mexican consumer credit market. The company, which continues to exhibit accelerated, high-quality growth, is positioned to provide meaningful savings and improved financial flexibility to creditworthy consumers in a growing market.”
Jason Brown, Senior Partner at Victory Park Capital
