Driver FixRecommendedSound, Wi-Fi or graphics acting up? Check drivers firstFind missing or outdated drivers fast.Check DriversOctober DealsAmazon USOctober deal check: compare before you payAmazon US: current deals, useful picks and tech finds.Check DealsPC HealthRecommendedCrashes, freezes, slowdowns? Check your PC nowSpot repairable issues before they interrupt work.Check PC×
Skip to content
The Finance Base
auto repair financing

DigniFi Raised $14 Million in 2020: How Its Auto-Repair Financing Works

DigniFi’s $14 million Series A was equity funding announced in 2020, distinct from a separate Neuberger Berman asset-purchase agreement. Here’s how its point-of-sale repair financing works today.

By TheFinanceBase Team 5 min read
Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.

DigniFi announced a $14 million Series A in June 2020, led by BuildGroup and Exor Seeds. The company offers point-of-sale financing through participating automotive dealers and service centers; it does not perform repairs. A separate Neuberger Berman agreement announced at the same time covered the purchase of up to $275 million in assets, not additional Series A equity.

What was DigniFi’s $14 million Series A?

On June 30, 2020, DigniFi announced that BuildGroup and Exor Seeds had led a $14 million Series A. In the same announcement, the company disclosed a separate agreement with Neuberger Berman Private Equity to purchase up to $275 million of assets. The two figures describe different arrangements: the Series A was equity funding, while the Neuberger Berman agreement provided asset-purchase capacity. They should not be added together or described as one $289 million funding round. DigniFi’s June 30, 2020 announcement described both.

Announcement Instrument Amount
June 30, 2020: BuildGroup and Exor Seeds Series A equity funding $14 million
June 30, 2020: Neuberger Berman Private Equity Agreement to purchase assets Up to $275 million
May 2024: Encina Lender Finance Credit facility Up to $150 million
May 2024: Brigade Capital Management Debt financing $25 million

The May 2024 amounts are later company financing, not part of the 2020 Series A. DigniFi announced the facility and debt financing as capital to expand auto-repair financing, and said customer finance options are funded by WebBank. The 2024 announcement identifies the arrangements separately.

What DigniFi does—and what it does not do

DigniFi connects a customer’s purchase at a participating automotive merchant with a financing application. Its automotive offering covers dealership service and repairs, prepaid maintenance, parts and accessories, collision repairs and deductibles, warranties, and other vehicle-related purchases. The company is a financing platform, not a repair shop, mechanic, or parts manufacturer. Availability depends on participating merchants; the company’s services are not established as available at every shop or to every driver. DigniFi’s automotive page describes the current offering.

Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.
#1 Best Overall
Sale
LISEN Retractable Car Charger, 84W Car Charger USB C Fast Charge,4 in 1
  • Never Let a Dead Battery Ruin Your Drive. The LISEN 4 in 1 Retractable Car Charger delivers reliable power for your entire journey. Compatible with standard 12V cigarette lighter sockets, it keeps phones, tablets, and devices charged during daily commutes, road trips, and long drives — the perfect practical gift for dads, truck drivers, and anyone who lives on the road.
  • Daily Driver Essential: Always Ready When You Need It. Featuring two retractable cables ( USB C & Old iPhone Charging Cable ) that extend up to 31.5 inches and dual USB ports, this charger solves cable clutter while charging up to 4 devices simultaneously. Ideal for busy fathers, commuters, and families who want a tidy car and never worry about low battery again.
  • Deliver full-speed PD fast charging for iPhone 18 Pro Max & iPhone 18 Pro Max & iPhone 18 Pro right inside your car. The built-in 45W PD USB-C port hits the peak charging speed for these latest iPhone models, juicing up your phone to 50% power in just 15 minutes while you drive.(Note: Maximum 45W PD output is available under 24V vehicle power supply. When used with standard 12V car sockets, the peak output is limited to 36W.)
  • Standard 12V Power Solution: Designed as a dedicated USB power supply for charging devices. Note: Does NOT support CarPlay, Bluetooth, or data transfer. Compatible with most phones, tablets, and small electronics. This retractable charger is a core car organization tool, keeping your vehicle tidy. Not compatible with Micro-USB devices.
  • Clutter-Free Tech Organization: Featuring dual USB ports and retractable cables, the LISEN 4 in 1 charger provides a clean car storage solution. Perfect for truck enthusiasts or as a thoughtful gift for drivers, it supports fast USB-C charging for devices like the iPhone 18Pro & iPhone 18 ProMax. Keep your vehicle organized while ensuring efficient power delivery for all your tech on the road.

How financing at a participating shop works

  1. Ask whether the merchant participates. DigniFi financing is offered through participating automotive dealers and service centers. A shop that does not participate may not offer it.
  2. Choose an eligible purchase and apply. Depending on the merchant program, financing may cover repairs or other listed vehicle-related purchases. DigniFi says its online application requests basic identity, address, employment, and income information and takes less than five minutes to complete. That is the company’s description of the application process, not a promise of approval or a measured time for every applicant. DigniFi’s customer information page explains the application.
  3. Review the specific offer before accepting. Current disclosures identify WebBank as the issuing bank for the credit products. The available product, rate, fees, promotional terms, and approval depend on the program and underwriting. Read the offer and its payment schedule rather than assuming that a rate or promotion shown for another program will apply.
  4. Make payments according to the agreement. For a promotional deferred- or waived-interest offer, the disclosed conditions matter: interest may accrue under the stated terms if the balance is not paid within the applicable promotional period.

Current disclosed products, rates, and fees

The following figures are displayed on DigniFi’s automotive page as accessed October 4, 2026. They are current page disclosures, not terms that can be applied retroactively to the 2020 funding announcement or guaranteed for an individual applicant.

Product or disclosure Terms displayed by DigniFi What to check
Installment loans Program-specific APR ranges of 9.99%–36% and 13.99%–36% Which merchant program and offer applies to the purchase.
ExpressWay revolving credit APR range of 27.99%–36% The account’s repayment terms and any applicable fees.
Origination fee 3%–4% may apply Whether the fee applies to the particular offer and how it affects the amount financed.
ExpressWay annual fee Up to $79 may apply Whether the account carries an annual fee.
Promotional deferred or waived interest Promotional terms vary; interest may accrue under disclosed terms if the balance is not paid within the applicable period. The promotion’s deadline, payment requirements, and consequences of not paying in full.

All applications are subject to approval under underwriting criteria, according to DigniFi’s current automotive disclosures. The displayed ranges do not establish the offer any particular borrower will receive. Compare the total repayment obligation, fees, promotional payoff rules, and alternatives such as paying cash or using another form of credit.

Rank #2
SINGARO Car Cup Holder Coaster, Silicone Cup Holder Insert, Universal Non-Slip Cup Holders, Car Accessories Interior for Women and Man Interior Sets 4 Pack Black
  • High Quality Material: The coaster is made of environmentally friendly silicone, safe, non-toxic and odorless. Soft with toughness, easily embedded in the cup holder. Very durable, wear-resistant, long service life. High temperature resistance, can withstand 100 ℃ high temperature water cups.
  • Wide Compatibility: The coaster has a diameter of 3.15 inches and a height of 1.18 inches, which is widely used in most vehicles, such as SUV, sedan, MPV, etc., as long as the size fits your car cup holder.
  • Protection Function: Our car cup holder coaster has a carry handle design and a stand-up ring edge on its edge to effectively prevent food crumbs, drinks and water from leaking out and preventing the car cup holder from getting dirty.Meanwhile,Thickened design effectively prevents the cup holder from being scratched by the cup when driving on bumpy roads and eliminates the annoying thumping sound, making your journey more enjoyable.
  • Easy to Use and Clean: With embedded installation, you just need to put it flat on the car cupholder. It is also very quick to remove, there is a small bump on the coaster, pinch it and you can easily remove the coaster. It is very easy to clean, rinse with water or wipe with a wet towel (be careful not to clean with sharp tools).
  • 100% Satisfaction: Our products have quality assurance, if you have questions or are not satisfied after receiving the product, don't worry, please contact us as soon as possible, we provide after-sales service.

What DigniFi said about repair costs in 2020

To explain the need for repair financing, DigniFi’s 2020 release cited two figures attributed to AAA: 64% of Americans could not pay for an unexpected car repair without taking on debt — AAA, as cited by DigniFi, 2020; average unexpected car repair cost of $500–$600 — AAA, as cited by DigniFi, 2020. These are historical figures quoted in the company’s announcement, not current estimates independently verified here. They provide context for the 2020 financing announcement but should not be treated as a description of every driver’s finances or today’s repair costs. The release also quoted then-CEO Richard Counihan saying that many Americans would need working cars to get back to work after months of financial uncertainty.

How the company’s later developments fit the timeline

May 2024: additional credit and debt financing

DigniFi reported an up-to-$150 million credit facility from Encina Lender Finance and $25 million in debt financing from Brigade Capital Management. These were separate, later financing arrangements intended to support expansion; neither was part of the 2020 equity round or the Neuberger Berman asset-purchase agreement. The company said customer finance options are funded by WebBank. See DigniFi’s May 2024 announcement.

Free tools Windows power users keep installed

One-click scans. No signup required.

Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.
Rank #3
Kaistyle for Magsafe Car Mount【Strong Magnet】 Magnetic Phone Holder for Car Phone Holder Mount Dash Mounted Holders Phone Holders for Your Car Accessories for Women Men for iPhone 18 Pro Max 17 16 15
  • ✅【Designed for Magsafe】 - The most fashionable iphone car mount in 2026 Magsafe is designed for iPhone 18 Pro Max/17/16/15/14/13/12 Pro Max Mini and official Magsafe cases and other magnetic phone cases and can be fixed directly to these phones without the need to affix metal plates. All Android Phones Will Work: Metal rings are provided; they fit cases and other phones without magsafe. Based on Unique Grandmaster Design (Protected by US Design Patent No. US D1,112,194 S)
  • ✅【STRONG MAGNETIC MagSafe Car Mount】 - This powerful magnetic phone holder can create a powerful attraction that firmly supports your device while allowing you to drive without distraction. it easily and securely holds your phone through bumps, sharp turns or even sudden stops, no worrying of dropping your phone.
  • ✅【SUPER STICK FORCE】 - VHB Dash Mounted Holders adhesive provides strong stick force between the dashboard and the car phone holder, which can firmly stick to any plane in the car, fix your device, adapt to a variety of road conditions such as sudden braking, speed bump, and rugged mountain road.
  • ✅【SAFE DRIVING VIEW】 - Mini-size, not taking up space, it is placed in the dashboard without blocking the view at all, and does not need to look down at the device to ensure your safe driving. Cell Phone Car Mount is suitable for most cars, pickups, SUV, taxi; It is the best assistant for Uber and Lyft drivers
  • ✅【360° FREE ROTATION】 - With an adjustable swivel ball joint, you can rotate your smartphone or device at your own will, providing the best viewing angle. Quickly pick and place with one hand, free your hands and make calls and GPS navigation more convenient

September 2026: Nissan and INFINITI dealer access

DigniFi announced that Nissan and INFINITI dealers could access its mobile-first financing for service, maintenance, repairs, parts, accessories, and eligible protection products. The announcement describes the process as available through participating dealers and integrated into dealer workflows; it does not establish universal availability across all dealerships. DigniFi also reported more than $567 million in incremental transactions facilitated to date. That is a company-reported cumulative figure in its September 2026 announcement, not an independently audited total. Read the Nissan and INFINITI announcement.

Taylor Nelson, DigniFi’s VP of Commercial Partnerships, said affordability had become one of the biggest challenges for vehicle owners. That is an executive’s assessment, not a measured statistic.

Rank #4
YGDMD 2PCS Car Seat Gap Filler Organizer,2 in 1 Car Gap Filler (Black)
  • Buyer's Guide: The seat guard for car seat between seat & console measures 15.75*2.7*1.53", suitable for gaps of 1.43-1.53" in width, please double-check carefully the distance between your seat and the center console before placing an order
  • Storage and Filling in One: Differ from traditional single-function gap fillers, gap filler for car incorporates storage function, offers you the convenience of storing phones and various other items, so that you can access them at any time while driving
  • Avoid Items Slipping: With the bumps and vibrations of the car, phones, keys may fall into the seat crevices, which is difficult to pick up, and distracts the driver's attention. Car gap seat filler fills gaps seamlessly to create an effective barrier
  • Easy to Install: Car side seat gap filler is easy to install, simply insert it into the gap between the seat and the center console, gap seat filler for car can fit tightly without affecting the normal adjustment of the seat and the use of the seat belt
  • Premium Material: Crafted from premium EVA material, our car seat side gap filler boasts a combination of wear-resistant, softness&durability. Maintenance is effortless, simply rinse and wipe to quickly clean the dust and debris in corners and crevices
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Support on Ko-Fi

What the funding story means for a consumer

The 2020 round explains how DigniFi raised capital and arranged capacity to support its financing business; it does not determine a customer’s eligibility, rate, or access to a participating merchant. For a driver considering financing, the practical questions are whether the shop offers the product, what the individual written offer costs, which fees apply, and whether the balance can be repaid under the stated schedule—especially before accepting a promotional offer.

Best Value
Sale
Stacool Upgraded Car Center Console Cover,Microfiber Leather Car Armrest Cover Cushion with 2 Storage Bags,Universal Car Armrest Storage Box (Black)
  • 🔰 UPGRADED SIDE STORAGE DESIGN - Our console cover is thinner than the old one, universal for all seasons. There is an 8.66*5.12 inch storage pocket design on each left and right side, expanding the storage space, convenient and practical. Meet the storage needs of the main passenger seat, you can store your cell phone, keys, tissues, ID and some other small daily items.
  • 🔰 PREMIUM MICROFIBER LEATHER MATERIAL - This car center console cover is made of quality microfiber leather material, soft and skin-friendly touch. Exquisite and fashionable diamond shaped stitching, every detail is in place. Inside the car center console cover is made of thickened memory foam, even after squeezing, it can slowly recover to its original shape.
  • 🔰 RELIEVE DRIVING FATIGUE - The arm rest cover for car adopts ergonomic design, giving just the right amount of arm support, effectively dispersing elbow pressure and relieving driving fatigue. Protect your car's center console from getting dirty or scratched. Especially suitable for long time driving or long distance traveling, bringing you a new experience of relaxation and comfort!
  • 🔰 NON-DESTRUCTIVE INSTALLATION - This car console cover is designed with an elastic band for a firm fit and not easy to shake. And the back side is full of protruding dots, which can effectively avoid the armrest cover from slipping and shifting. All you need to do is to open the center console cover, put the elastic band directly into the cover and then close it.
  • 🔰 BUYER'S GUIDE - You will receive a car armrest storage box with the size of 12.13*7.80 inch, please measure the size of your car's armrest storage box before you buy. We have prepared five simple and beautiful colors for you, you can choose according to your own preferences. Suitable for most of the vehicles on the market, such as car, truck, SUV, RV, van, etc.

Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.

Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.

Leave a Reply

Your email address will not be published. Required fields are marked *

Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.

More from the Money Desk

Recommended PC Tool
Recommended PC Tool
Windows Errors? Fix Them Before They SpreadFree repair scan
Outdated Drivers Are Slowing You DownFree scan - exact matches

Two free Windows tools

One Free Minute Could Fix That PC

Before you go - each of these free tools takes about a minute and tackles what quietly slows a Windows PC down.

Special offer. View Outbyte info, uninstall instructions, EULA, and Privacy Policy.