Digitt secures $50m from CoVenture to aid prime borrowers
Summary
Digitt, a Mexico-based fintech, secured a $50 million debt facility from CoVenture Management. The company plans to use the capital to expand its debt refinancing products and grow its customer base. Digitt focuses on helping prime borrowers refinance high-interest credit card debt into more affordable terms. The company expects the new funding to triple its portfolio within a year and reach more than 15,000 people. CoVenture said the deal also marks its entry into the Latin American market.
Funding
Amount
$50.0M
Total raised
Date
July 23, 2024
Announcement date
Investors
Yes VC, FJ Labs, Clocktower Technology Ventures
Lead investors
Company
digitt.com
Funded company
Classifications
industries
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applications
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AskAI Classifications
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