DigniFi announces key leadership additions with the appointment of Eileen Cavanaugh as CFO and three new board members—Scott Roberts, Rachel Richards, and Kenny DellaPorta. These seasoned professionals bring extensive expertise to support DigniFi’s strategic growth in 2025 and beyond.
DigniFi, a leading FinTech company specializing in automobile repair financing, is thrilled to announce the addition of two new strategic funding partners on May 14, 2024. Encina Lender Finance provides up to a $150 million credit facility while Brigade Capital Management contributes an additional $25 million in debt financing.
DigniFi, a leading fintech company specializing in automotive repair financing, is thrilled to announce a groundbreaking partnership with Dealer Pay, LLC, a cutting-edge payments and point-of-sale solutions provider for dealerships. This strategic collaboration is set to revolutionize the automotive financing landscape, using proven payments technologies, bringing convenience, transparency, and enhanced customer experiences to both dealerships and vehicle owners.
DigniFi, a FinTech company and leader in the world of transportation, assisting auto dealers and small businesses across the country grow their revenue and delight their customers with access to visionary, inclusive financing, today announces the appointment of Tunde Noibi Chief Technology Officer.
More budget-minded consumers are holding on to their cars as inflation takes a bigger bite out of paychecks and the auto industry struggles with supply chain issues. DigniFi helps keep those vehicles on the road by offering access to fast and flexible financing for repairs and maintenance at the point of purchase. Consumers who choose affordable DigniFi-branded financing through their dealership or service center can avoid the disruption and potential negative financial impacts of an unexpected repair bill.
The shift to digitization and embedded finance is transforming every industry, and the auto business is no different. The newfound ability to offer financing at the point of sale is allowing stakeholders, from the factory floor to the auto shop, to better understand the key moments in the consumer journey and create value for themselves and their customers.
DigniFi today announced it ranked No. 500 on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 27th year. DigniFi grew 15% during this period.
We are pleased to share that Neeraj Mehta has joined us as our Chief Executive Officer! As a results-focused chief executive with vast financial services experience, Mehta will build upon DigniFi’s mission of delivering financing to consumers in need and revenue growth to small businesses.
Study demonstrates that DigniFi Expressway helps customers make vehicle purchases and repairs they would otherwise postpone for lack of financing.
Financing options through DigniFi are now available in TR Wholesale Solutions’ digital tire shopping platform, where AutoNation customers can get quick approval and choose among flexible payment schedules.
DigniFi, an automotive financing platform, announced that Kevin Yu has been named Chief Technology Officer. Reporting to CEO Richard Counihan from Seattle, Yu will be responsible for growing DigniFi’s engineering organization, continuously improving product quality, and delivering innovations for customers and partners. Initially, Yu will focus on re-platforming DigniFi to improve the scalability and dynamism of Expressway, a revolving credit line that helps consumers afford auto repairs, upgrades, accessories, and trade-ins.
DigniFi, an app-based platform for financing auto repair, has raised $14 million in Series A funding from Austin, Texas-based BuildGroup and Exor Seeds, the venture arm of Exor N.V., which is the holding company of the Agnelli family, the controlling shareholders of Fiat Chrysler.
Among the many expenses some consumers have had to defer during the Covid-19 pandemic and economic downturn are unexpected repairs to their vehicles. Stuck for big service bills drivers either coughed up the cash, if they had it, run up large credit card balances and risk being on the hook for interest, or simply forego the repairs and do without their vehicles, possibly putting their jobs in jeopardy.
Backers included Texan permanent capital firm BuildGroup and Exor Seeds, the VC fund associated with €144 billion Netherlands-based holding company, Exor.
DigniFi, which helps people finance automotive repairs and services, has brought in a $14 million Series A to help people for whom not repairing their car is not an option. The Seattle-based company provides a fintech marketplace that connects consumers with lenders to help finance large repair costs, CEO Richard Counihan told Crunchbase News.
Buying a car is expensive, and so is maintaining one. But the difference is that most of us put aside money and plan ahead of time when buying a car. When we have to fix our car, it often comes as a surprise.
DigniFi, the Kirkland, Wash.-based tech platform that helps drivers finance auto repairs and services, has raised $14 million. The Series A funding was led by BuildGroup and Exor Seeds. Neuberger Berman, a global investment manager, will provide up to $275 million in additional financing to support the company’s growth, according to a news release Tuesday.
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).
DigniFi is a financial technology company providing access to automotive financing solutions to consumers and auto repair service centers. DigniFi’s instant online decision platform is powered by advanced automotive analytics that deliver financing for a variety of financing needs at the dealership.
DigniFi, a provider of access to car repair loans in the U.S., recently announced an expansion of its access to financial services for auto dealers with the launch of DigniFi ExpressWay. ExpressWay includes a new revolving credit line and card, which customers can use to make purchases in all five profit centers of the dealership, including F&I, sales, parts & accessories, service and collision.
DigniFi, a premier provider of access to car repair loans in the U.S., today announced an expansion of its access to financial services for auto dealers with the launch of DigniFi ExpressWay.
DigniFi, a premier provider of access to car repair loans in the U.S., today announced an expansion of its access to financial services for auto dealers with the launch of DigniFi ExpressWay.
DigniFi is looking to provide a financing option for dealership customers who might already be stretching their budget and then encounter a costly repair or other stumbling blocks to securing the necessary funds for vehicle delivery.
Payment plans for automotive repairs are turning new customers into repeat customers for Mac Wheels and Tires LLC in Salt Lake City, Utah. “It’s something you want to offer your clients when they don’t have the money,” says Jenny Moran, who handles the auto service payment plans for the tire dealership.
Confident Financial Solutions, a provider of car repair loans, is changing its name to DigniFi and launching a website to provide a better mobile experience with faster sign up and account maintenance.
Nearly four years after issuing their first loan, Confident Financial Solutions (CFS) will change its corporate name to DigniFi. Company leadership said that the company has been planning the name change over the last several months, along with developing new strategies to meet its unprecedented growth—up 60% in 2018.
Nearly four years after issuing their first loan, Confident Financial Solutions (CFS) will change its corporate name to DigniFi. Company leadership said that the company has been planning the name change over the last several months, along with developing new strategies to meet its unprecedented growth—up 60% in 2018.
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 access to 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, maintenance packages, insurance deductibles, and vehicle service contracts. All credit products are originated by WebBank. To date, DigniFi has helped over 1,800 small businesses across the nation secure almost $475 million in incrementation transactions.
About the Situation
*All credit products are issued by WebBank. The DigniFi Interest Waived Program applies to all approved customers. Interest will be charged to your account from account opening at 9.99%‐36.00% APR If the full loan amount is not paid within the first 90 days. A minimum monthly payment is required. Additional principal payments will be required to pay off the loan amount before the promotion expires. Interest will be waived if you make all of your scheduled payments on time and pay off your loan in full within the first 90 days. The application generally takes a few minutes. All applications are subject to approval pursuant to standard underwriting criteria. The maximum approved amount, terms, and the Annual Percentage Rate (APR) will be based on an evaluation of credit history. WebBank funds the repair amount once repairs are completed, and documents are executed.
† Depending on program used, an origination fee is 3-4%.
**All DigniFi ExpressWay credit cards are issued by WebBank. An annual fee of up to $79 may apply. Six-month deferred interest promotional offer is available on all approved purchases of $350 or more using the DigniFi ExpressWay credit card. No interest will be charged on the promotional purchase if you pay the promotional purchase amount in full within 6 months. If you do not, interest will be charged on the promotional purchase from the purchase date. A minimum monthly payment is required. The required minimum monthly payments may not pay off the promotional purchase by the end of the promotional period. Account must be open and current to be eligible for this offer. Regular account terms apply to non-promotional purchases and, after promotion ends, to your promotional purchases. Please see any special promotion advertising or other disclosures provided to you for the full terms of any special promotion offered. All applications for credit are based on an evaluation of credit history. The annual percentage rate (APR) ranges from 27.99%–36%. If you are charged interest, the charge will be no less than $2.00. Additionally, pricing may vary based on your ExpressWay transaction amount, between $350–$7,500, in combination with the monthly term of your Promotional Credit Plan. Your final APR will be illustrated on your final purchase receipt, emailed to you at the time of the transaction, and located by logging into your account.
*All credit products are issued by WebBank. The DigniFi Interest Waived Program applies to all approved customers. Interest will be charged to your account from account opening at 9.99%‐36.00% APR If the full loan amount is not paid within the first 90 days. A minimum monthly payment is required. Additional principal payments will be required to pay off the loan amount before the promotion expires. Interest will be waived if you make all of your scheduled payments on time and pay off your loan in full within the first 90 days. The application generally takes a few minutes. All applications are subject to approval pursuant to standard underwriting criteria. The maximum approved amount, terms, and the Annual Percentage Rate (APR) will be based on an evaluation of credit history. WebBank funds the repair amount once repairs are completed, and documents are executed.
† Depending on program used, an origination fee is 3-4%.
**All DigniFi ExpressWay credit cards are issued by WebBank. An annual fee of up to $79 may apply. Six-month deferred interest promotional offer is available on all approved purchases of $350 or more using the DigniFi ExpressWay credit card. No interest will be charged on the promotional purchase if you pay the promotional purchase amount in full within 6 months. If you do not, interest will be charged on the promotional purchase from the purchase date. A minimum monthly payment is required. The required minimum monthly payments may not pay off the promotional purchase by the end of the promotional period. Account must be open and current to be eligible for this offer. Regular account terms apply to non-promotional purchases and, after promotion ends, to your promotional purchases. Please see any special promotion advertising or other disclosures provided to you for the full terms of any special promotion offered. All applications for credit are based on an evaluation of credit history. The annual percentage rate (APR) ranges from 27.99%–36%. If you are charged interest, the charge will be no less than $2.00. Additionally, pricing may vary based on your ExpressWay transaction amount, between $350–$7,500, in combination with the monthly term of your Promotional Credit Plan. Your final APR will be illustrated on your final purchase receipt, emailed to you at the time of the transaction, and located by logging into your account.
