DigniFi provides a cloud‑based financing platform that lets automotive, powersports and RV dealers offer instant, soft‑pull installment loans (RoadWay) and revolving credit lines (ExpressWay) for vehicle purchases, service and accessories. The system delivers real‑time pre‑qualification, funds dealers within 1–2 business days, and integrates via API with existing dealer management systems, giving dealers analytics and automated reporting.
Funding
$175M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
ELFounders
Product
Problem
Dealerships in the automotive, powersports, and RV sectors often lose sales and service revenue because many customers cannot secure traditional credit quickly enough for vehicle purchases, repairs, or accessories. The lack of flexible, fast‑acting financing options forces customers to defer purchases or walk away, limiting dealer profitability and customer retention.
Solution
DigniFi delivers a cloud‑based financing platform that enables dealers to offer two core products: RoadWay installment loans for vehicle purchases and ExpressWay revolving lines of credit for repairs, upgrades, and accessories. The system provides real‑time pre‑qualification in minutes without a hard credit pull, so customers’ credit scores remain unaffected. Approved funds are disbursed to the dealer within 1–2 business days, allowing immediate transaction completion. An integrated dealer dashboard offers analytics, approval tracking, and configurable alerts, while API connectivity lets the solution embed into existing dealer management systems. By expanding financing accessibility across sales, service, and parts departments, DigniFi helps dealers capture more revenue and build long‑term customer loyalty.
Target Audience
Primary customers are automotive, powersports, and RV dealerships—including F&I, service, and parts departments—that need to expand financing options for vehicle sales, repairs, and accessories, as well as the end‑consumers seeking affordable payment solutions.
Features
- RoadWay installment loan engine with customizable term lengths and APR ranges (13.99%–36%).
- ExpressWay revolving credit line, including a six‑month deferred‑interest promotion for purchases ≥ $350.
- Real‑time pre‑qualification workflow that performs a soft credit inquiry, preserving the consumer’s credit score.
- Cloud‑hosted dealer portal with role‑based access, loan status dashboards, and automated reporting.
- RESTful API and DMS integration kits for seamless embedding of financing offers into sales, service, and parts workflows.
- Secure data transmission and storage (TLS encryption, PCI‑DSS compliance) with audit‑ready logs.
- Funding turnaround of 1–2 business days and automated settlement to the dealer’s account.
- Optional subscription tier for advanced analytics and custom branding.