defi SOLUTIONS lands $55M investment from Bain Capital Ventures


The management team at defi SOLUTIONS now has a sizeable amount of resources to deploy an aggressive growth plan.

On Friday, defi SOLUTIONS announced it has raised $55 million in a Series C investment from Bain Capital Ventures.

Executives highlighted the investment is comprised of primary and secondary capital. They explained the primary capital will be used by defi SOLUTIONS to accelerate the development of existing and emerging products, expand resources and facilities, and grow the number of employees by nearly 50 percent in 2018, across all teams, including client support, technology services and sales and marketing.

“defi SOLUTIONS modernized auto lending with its cloud-based, lender-centric loan origination, loan management, and analytics platform. defi delivers competitive advantages that enable forward-thinking lenders to own their processes and exceed their business objectives through one holistic platform,” said Brian Goldsmith, senior principal at Bain Capital Ventures.

“Our team is thrilled to support defi SOLUTIONS’ growth trajectory in a space that is primed to expand and remain competitive with the increased use of new technology,” Goldsmith continued.

The company recapped that defi SOLUTIONS started its auto financing operations in 2012 with both its configurable Software-as-a-Service (SaaS) loan origination system (LOS) and its community approach to the development and delivery of financial services software.

The company has experienced a greater than 70 percent compounded annual growth rate since inception. Leaders at defi SOLUTIONS attribute this growth to their focus on constant improvement in their products and client support and their growing community of dynamic finance companies that they consider one of the greatest assets.

defi SOLUTIONS was founded by lending-industry experts who understand the importance of helping lenders at the place they are in their business lifecycle. defi gives finance companies the tools that allow them the freedom to do business exactly as they choose and provides timely updates, system enhancements, and integrations with a growing list of quality third-party data providers.

During the past five years, the company has not only created a robust LOS, but also developed a full platform of services for independent and captive finance companies, banks, credit unions, solar providers, buy-here, pay-here dealers and personal and business lending.

defi’s latest additions to the platform include a loan management and servicing system (LMS), an analytics and reporting system with configurable dashboards for real time reporting, a direct lending application portal, a digital loan document service with e-signature and an online auto loan portfolio marketplace.

“This partnership with Bain Capital Ventures will position us to even better meet the demands of top 20 auto lenders as well as lenders of all sizes,” said Stephanie Alsbrooks, defi SOLUTIONS founder and chief executive officer. “I am very excited to lead our team into this next growth phase while utilizing the vast resources and knowledge of the Bain team."

Financial Technology Partners (FT Partners) served as exclusive strategic and financial adviser on this transaction.