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In the press

2021

DigniFi Partners with AutoNation and TR Wholesale Solutions to Help Customers Finance Tire Purchases

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.

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April 8, 2021

DigniFi Names Kevin Yu Chief Technology Officer

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.

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February 11, 2021

2020

DigniFi Names Susie Kroll Chief Product Officer

DigniFi Names Susie Kroll Chief Product Officer

DigniFi, an automotive financing platform, announced that Susie Kroll has been named Chief Product Officer. Kroll will be based at DigniFi’s corporate headquarters in Seattle and report to Richard Counihan, CEO. In her role, she will lead the expansion of ExpressWay, a revolving credit line that helps consumers afford auto repairs, upgrades, accessories and trade-ins.

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Nov 17, 2020

DigniFi and Volkswagen Partner to Offer Auto Repair Financing at Dealerships Nationwide

DigniFi and Volkswagen Partner to Offer Auto Repair Financing at Dealerships Nationwide

DigniFi, a financing platform for auto repairs and services, announced that Volkswagen of America endorses DigniFi as a preferred vendor in its eConnect Flexible Payment Program. Volkswagen’s 636 U.S. dealerships can now partner with DigniFi to offer service center customers access to financial flexibility in these trying times. DigniFi enables customers to apply for short-term financing on their smartphone and receive an instant decision. On average, dealerships that offer DigniFi increase service revenue by 20 percent annually.

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Sep 17, 2020

Xtime Launches FlexPay to Offer Improved Service Financing Options to Dealers and Customers

Xtime Launches FlexPay to Offer Improved Service Financing Options to Dealers and Customers

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.

Read more

Jul 7, 2020

DigniFi raises $14M, buys $275M in assets to grow auto repair finance

DigniFi raises $14M, buys $275M in assets to grow auto repair finance

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.

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Jul 2, 2020

DigniFi Reports Multi-Million Cash Infusion To Help Consumers Finance Car Repairs

DigniFi Reports Multi-Million Cash Infusion To Help Consumers Finance Car Repairs

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.

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Jul 2, 2020

Car repair loan fintech DigniFi lands $14M Series A

Car repair loan fintech DigniFi lands $14M Series A

Backers included Texan permanent capital firm BuildGroup and Exor Seeds, the VC fund associated with €144 billion Netherlands-based holding company, Exor.

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Jul 1, 2020

DigniFi Raises $14M Series A To Drive Its Auto Financing Platform

DigniFi Raises $14M Series A To Drive Its Auto Financing Platform

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.

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Jun 30, 2020

VC Daily: Recession Fails to Cool Competition for Some Deals; PPP Loan Window is Closing; Money for Gut Health

VC Daily: Recession Fails to Cool Competition for Some Deals; PPP Loan Window is Closing; Money for Gut Health

Good day. Some venture investors were hoping the recession would cool valuations. But it appears there is a dynamic that makes some businesses even more in demand.

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Jun 30, 2020

DigniFi Raises $14M for Its Auto Repair Lending Platform

DigniFi Raises $14M for Its Auto Repair Lending Platform

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.

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Jun 30, 2020

DigniFi, a tech platform for financing auto repairs, raises $14M to keep American drivers rolling

DigniFi, a tech platform for financing auto repairs, raises $14M to keep American drivers rolling

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.

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Jun 30, 2020

A venture capitalist parodied by HBO's 'Silicon Valley' is now facing criminal charges and perhaps even jail time

A venture capitalist parodied by HBO’s ‘Silicon Valley’ is now facing criminal charges and perhaps even jail time

Mike Rothenberg is (quite literally) the stuff of an HBO television series.

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Jun 30, 2020

DigniFi Raises $14M Series A from BuildGroup and Exor Seeds and Secures $275M from Neuberger Berman Private Equity for its Auto Service Financing Platform

DigniFi Raises $14M Series A from BuildGroup and Exor Seeds and Secures $275M from Neuberger Berman Private Equity for its Auto Service Financing Platform

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).

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Jun 30, 2020

Tech Platform Helps Auto Repair Centers Increase Sales During Trying Economic Times

Tech Platform Helps Auto Repair Centers Increase Sales During Trying Economic Times

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.

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May 1, 2020

DigniFi Launches ExpressWay Credit

DigniFi Launches ExpressWay Credit

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.

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Feb 12, 2020

DigniFi announces launch of ExpressWay

DigniFi announces launch of 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.

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Feb 9, 2020

DigniFi announces launch of ExpressWay

DigniFi announces launch of 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.

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Feb 5, 2020

DigniFi broadens financing solutions to help dealers grow sales & service

DigniFi broadens financing solutions to help dealers grow sales & service

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.

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Feb 5, 2020

2019

Total Card, Inc. Announces New Revolver Account Servicing Agreement with DigniFi

Total Card, Inc. Announces New Revolver Account Servicing Agreement with DigniFi

Total Card, Inc. (TCI) is pleased to announce a new account servicing agreement with DigniFi. To support their expanding consumer financing platform for automotive repairs, DigniFi is announcing the launch of the new ExpressWay Card, which offers a revolving line of credit to qualified consumers at participating service centers*.

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Oct 28, 2019

How to Help Customers Pay for Their Auto Repairs

How to Help Your Customers Pay for Their Auto Repairs

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.

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Oct 10, 2019

LivePerson Automotive Announces Service Repair Payment Integration with DigniFi

LivePerson Automotive Announces Service Repair Payment Integration With DigniFi

LivePerson Automotive, a division of LivePerson, Inc. (NASDAQ: LPSN), and DigniFi announced today that consumers will now be able to secure a DigniFi loan to pay for automotive repairs within the LivePerson Automotive Service Texting Solution.

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May 30, 2019

Confident Financial rebrands as DigniFi, launches site for car repair loans

Confident Financial rebrands as DigniFi, launches site for car repair loans

Total Card, Inc. (TCI) is pleased to announce a new account servicing agreement with DigniFi. To support their expanding consumer financing platform for automotive repairs, DigniFi is announcing the launch of the new ExpressWay Card, which offers a revolving line of credit to qualified consumers at participating service centers*.

Read more

Jan 25, 2019

Confident Financial Solutions (CFS) Launches New Name, Brand as DigniFi

Confident Financial Solutions (CFS) Launches New Name, Brand as DigniFi

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.

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Jan 24, 2019

Confident Financial Solutions (CFS) Launches New Name, Brand as DigniFi

Confident Financial Solutions (CFS) Launches New Name, Brand as DigniFi

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.

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Jan 24, 2019

About DigniFi

DigniFi is a platform company that connects consumers with lenders for car repairs, tires, accessories, and other vehicle-related needs. The automated, contactless process serves up financial products through the point of sale at car dealerships and independent repair shops. DigniFi provides consumers with fixed payment plans from 12 to 36 months*. The loans are originated through WebBank, an FDIC-regulated bank. To date, DigniFi has provided access to over $120 million in loans in partnership with more than 5,000 auto service centers.

About the Situation

According to CNN, 61% of Americans can’t afford a $1,000 emergency expense.

The average car repair bill falls between $500 to $600, according to the American Automobile Association (AAA), and, depending on the issue, can go much higher.

1 in 3 U.S. drivers can’t pay for an unexpected repair without going into debt, says AAA.

AAA also discovered that about one-quarter of American drivers neglected car repairs because of their financial situations and could not realistically afford to pay $2,000 to cover the cost of their repair bill. In fact, about 1 in 8 Americans wouldn’t be able to afford a car repair bill of $1,000.

Routine maintenance and repairs cost about $1,186 annually, according to AAA.

Costs for repairs were more than 61% higher in 2017 than they were in 2000, according to Forbes, and they’re likely to keep rising.

Corporate Headquarters

Kirkland, WA