BuildGroup Invests in DigniFi

By Staff Writer July 07, 2020

BuildGroup, an operator-led, permanent capital investment company focused on modern business models, announced its investment in DigniFi,, an AI-powered SaaS-plus financial platform that connects consumers with lenders for auto parts, repairs and services. BuildGroup led DigniFi’s $14 million Series A round.

“By engaging all three audiences—lenders, customers and dealers – DigniFi is building a true marketplace that will only continue to grow as its machine learning system expands, it collects more data and as the number of lenders on its platform grows.”

The financing positions DigniFi and its network of 5,000 auto service center partners to get Americans back on the road at a moment when automobiles are more essential than ever. In addition, the company has signed an agreement with Neuberger Berman Private Equity to purchase up to $275 million of assets. Leveraging data from more than $120 million in loan originations to date, its online machine learning platform is powered by proprietary data sets and advanced automotive analytics to deliver access to customized loan offerings for consumers in need of car repairs.

“This round of financing further supports DigniFi’s expansion into a fully integrated, AI-powered SaaS-plus platform for point-of-sale financing at auto service centers,” said Jim Curry, co-founder and managing partner of BuildGroup. “By engaging all three audiences – lenders, customers and dealers – DigniFi is building a true marketplace that will only continue to grow as its machine learning system expands, it collects more data and as the number of lenders on its platform grows.”

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Last modified on Tuesday, 07 July 2020 14:37

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