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FT Partners Advises defi SOLUTIONS on its $55,000,000 investment from Bain Capital Ventures

Overview of Transaction

  • On January 19, 2018, defi SOLUTIONS announced it has raised $55 million in a Series C investment from Bain Capital Ventures
  • Headquartered in Grapevine, TX, defi SOLUTIONS is the leading provider of flexible, configurable and adoptable software that drives the lending community
  • defi’s cloud-based, lender-centric software offers 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
  • A subsidiary of Bain Capital, Bain Capital Ventures (BCV) invests from seed- to growth-stage in fast-growing startups that are leveraging technology to disrupt existing markets or create entirely new ones
  • BCV has approximately $3 billion of assets under management and offices in the Bay Area, New York City and Boston

Significance of Transaction

  • The funds raised will enable defi 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 also gains a partner in Bain Capital Ventures, who has a proven track record in scaling businesses in the auto software space

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to defi SOLUTIONS on this transaction
  • This transaction demonstrates FT Partners' continued success advising leading SaaS companies in the Lending Tech space as well as its expertise across the Auto FinTech space