PHOENIX, Jan. 30,
2025 /PRNewswire/ -- Trinity Capital
Inc. (NASDAQ: TRIN) ("Trinity Capital"), a leading alternative
asset manager, today announced the commitment of $25 million in growth capital to Wisetack, a
leading pay-over-time platform for home services.
Wisetack provides consumer financing for home services such as
HVAC, plumbing, and pest control, allowing customers to quickly and
easily set up pay-over-time options. Wisetack is integrated into
the software tools that home service businesses already use, making
it easy for the businesses to start offering their customers these
flexible options.
"Wisetack stood out for its exceptional growth trajectory,
stellar customer experience, and strong position in a very large
market. Their seamless integration process and easy-to-use
software enable businesses around the country to offer their
customers financing for essential services," said Ryan Thompson, Managing Director, Tech Lending
at Trinity Capital. "We are excited to support Wisetack's growth as
they continue to provide businesses and their customers with
greater flexibility."
This growth capital will enable Wisetack to continue to scale
operations and fund growth initiatives.
"We are excited to partner with Trinity Capital, as leaders in
providing growth capital to fast-growing, category-defining
companies," said Bobby Tzekin, founder and CEO of Wisetack.
"Trinity's support will enable us to accelerate our growth and
innovation in the massive home services
market."
About Trinity Capital Inc.
Trinity Capital Inc. (Nasdaq: TRIN) is an international
alternative asset manager, aiming to provide investors with stable
and consistent returns through access to the private credit market.
We source, vet, and invest in dynamic privately funded
growth-oriented companies, giving our investors access to a strong
and diversified portfolio. With distinct business verticals,
Trinity Capital stands as a trusted partner for innovative
companies seeking tailored growth capital solutions. Headquartered
in Phoenix, Arizona, the firm has
an international footprint, supported by a dedicated team of
strategically located investment professionals. For more
information, visit the company's website at
trinitycapital.com and stay connected by following us on
LinkedIn and X (formerly Twitter).
About Wisetack
Wisetack is the leading embedded platform for financing home
services like plumbing and electrical, and has a rapidly growing
presence in dental and elective medical care, as well as car
repair. Wisetack partners with software companies to embed consumer
financing options into their customer-facing applications through
simple APIs. Wisetack merchants, many of whom are small businesses,
rely on Wisetack to offer their customers affordable pay-over-time
options at point of sale.
Founded in 2018 in San
Francisco by an experienced team of leaders in the financial
services industry, Wisetack is backed by investors Insight
Partners, Greylock, Quadrille Capital, and Bain Capital Ventures.
All payment options are subject to credit approval. Your terms may
vary. Payment options through Wisetack are provided by its lending
partners.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/trinity-capital-inc-provides-25-million-in-growth-capital-to-wisetack-302363831.html
SOURCE Trinity Capital Inc.
