DigniFi, a leading FinTech company that specializes in automobile repair financing, announced the addition of two new strategic funding partners on May 14, 2024. And Encina Lender Finance provides up to a $150 million credit facility, while Brigade Capital Management contributed an additional $25 million in debt financing.
DigniFi built a reputation by offering access to innovative financing solutions for vehicle repair and maintenance services. And through a proprietary platform, DigniFi enables customers with convenient finance options, funded by WebBank for their vehicle repairs – which ensures that unexpected expenses do not hinder their mobility.
KEY QUOTES:
“DigniFi is grateful for the increased commitment from Brigade Capital and the recently closed warehouse facility with Encina Lender Finance. We look forward to both organizations being strategic partners to DigniFi.”
-Neeraj Mehta, CEO of DigniFi
“Encina Lender Finance is proud to partner with DigniFi and Brigade. Neeraj and his team, with their depth of experience and tremendous track record, are well-positioned to continue to scale their business and drive growth for their merchant partners.”
– Ed Chang, Co-CEO of Encina Lender Finance
“Brigade is pleased to build on our existing relationship with DigniFi and support the Company’s efforts to expand inclusive financing to consumers.”
– Steven Bleier, Portfolio Manager and Head of Structured Credit at Brigade
