Trinity Capital Inc. (NASDAQ: TRIN) shares garner small gains Thursday, as the company, 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."
TRIN shares squeezed ahead eight cents to $15.01.
