Texas based lending software provider defi SOLUTIONS has raised a $55m Series C from Bain Capital Ventures.
defi SOLUTIONS began revolutionizing auto lending in 2012 and continues to defy the status quo 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. Over 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 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.