Wisetack Secures $25M Funding from Trinity Capital to Fuel FinTech Expansion

Wisetack Secures $25M Funding from Trinity Capital to Fuel FinTech Expansion

Wisetack, an innovative FinTech company specializing in pay-over-time financing solutions, has successfully raised $25 million in growth capital from Trinity Capital, a leading alternative asset manager known for its focus on private credit investments. This funding will significantly bolster Wisetack’s efforts to expand its operations and enhance its growth trajectory.

Wisetack’s Consumer Financing Solutions

Founded in 2018 and headquartered in San Francisco, Wisetack offers flexible financing options for essential home services, including:

  • HVAC services
  • Plumbing
  • Pest control

Through its platform, Wisetack allows customers to pay for these services in convenient installment plans, making it easier for them to manage their expenses.

Streamlined Integration for Home Service Providers

Wisetack’s financing solutions are designed to seamlessly integrate with the software tools utilized by home service providers. This integration simplifies the process for businesses, enabling them to offer financing options directly to their customers.

Expert Insights on Growth Potential

Ryan Thompson, the Managing Director of Tech Lending at Trinity Capital, praised Wisetack for its strong market position and impressive growth potential. He stated:

“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. We are excited to support Wisetack’s growth as they continue to provide businesses and their customers with greater flexibility.”

Leadership’s Vision for the Future

Bobby Tzekin, the founder and CEO of Wisetack, expressed his enthusiasm about the partnership with Trinity Capital, emphasizing the importance of this support in accelerating growth and innovation within the expansive home services market.

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Investment Backing and Future Prospects

Wisetack has garnered attention from several prominent investors, including:

  • Insight Partners
  • Greylock
  • Quadrille Capital
  • Bain Capital Ventures

With this new funding and strong backing, Wisetack is poised for significant advancements in the consumer financing landscape.

For more information on financing solutions and home services, visit Wisetack’s official website or check out Trinity Capital’s investment strategies.

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