Key Takeaways
- • Digitt, a Mexico-based fintech offering credit card debt refinancing for prime borrowers, secured a $50 million financing facility from Victory Park Capital (VPC), according to a Business Wire announcement.
- • The facility will fund expansion of Digitt's credit card refinancing portfolio and continued investment in technology, underwriting and servicing capabilities.
- • Digitt's fixed-rate installment loans target consumers who often carry credit card balances at annual rates ranging from 70% to 150%.
- • VPC, a Chicago-headquartered alternative asset manager specializing in private credit and asset-backed finance, is a majority-owned affiliate of Janus Henderson Group since 2024.
Summary
Digitt has announced a $50 million financing facility from Victory Park Capital, the Chicago-based alternative asset manager specializing in private credit and asset-backed finance, according to a Business Wire release datelined Guadalajara and Chicago. The facility is intended to support Digitt's continued growth as it expands access to transparent, fixed-rate installment loans for consumers in Mexico.
Digitt, founded in 2019, offers credit card debt refinancing for prime borrowers in Mexico. The company says its lending model was inspired by co-founder and CEO David García's personal experience navigating Mexico's credit card lending market. Consumers who carry credit card balances often pay annual rates between 70% and 150%, and Digitt's installment loans are priced significantly lower, allowing borrowers to refinance or consolidate existing card debt.
In the release, García said the facility will help more Mexican consumers reduce high-interest credit card burdens while scaling a platform built on transparency, responsible underwriting and borrower outcomes. Jason Brown, Senior Partner at VPC, described Digitt as a differentiated platform addressing a large and underserved segment of the Mexican consumer credit market, and said the company continues to show accelerated, high-quality growth.
Proceeds will be directed toward expanding the refinancing portfolio and investing in technology, underwriting and servicing as Digitt scales across Mexico. The release did not disclose the facility's structure, pricing, or maturity terms.
VPC is a global alternative asset manager founded in 2007. It offers structured financing and capital markets solutions through its affiliate Triumph Capital Markets, and became a majority-owned affiliate of Janus Henderson Group in 2024, with access to the parent's 2,000+ employees across 25 cities.
Digitt, founded in 2019, offers credit card debt refinancing for prime borrowers in Mexico. The company says its lending model was inspired by co-founder and CEO David García's personal experience navigating Mexico's credit card lending market. Consumers who carry credit card balances often pay annual rates between 70% and 150%, and Digitt's installment loans are priced significantly lower, allowing borrowers to refinance or consolidate existing card debt.
In the release, García said the facility will help more Mexican consumers reduce high-interest credit card burdens while scaling a platform built on transparency, responsible underwriting and borrower outcomes. Jason Brown, Senior Partner at VPC, described Digitt as a differentiated platform addressing a large and underserved segment of the Mexican consumer credit market, and said the company continues to show accelerated, high-quality growth.
Proceeds will be directed toward expanding the refinancing portfolio and investing in technology, underwriting and servicing as Digitt scales across Mexico. The release did not disclose the facility's structure, pricing, or maturity terms.
VPC is a global alternative asset manager founded in 2007. It offers structured financing and capital markets solutions through its affiliate Triumph Capital Markets, and became a majority-owned affiliate of Janus Henderson Group in 2024, with access to the parent's 2,000+ employees across 25 cities.
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