Digitt, a pioneering fintech in the specialty finance and lending sector that offers credit card debt refinancing for prime borrowers in Mexico, has secured a $50 million debt facility from CoVenture to expand its refinancing services, addressing the high interest rates currently faced by creditworthy borrowers. Founded by Manuel Alvarez and David García, Digitt aims to alleviate the financial burden of predatory lending practices that affect even prime customers. The partnership marks CoVenture’s first investment in Latin America and supports Digitt’s goal to significantly grow its portfolio and help over 15,000 people with more affordable credit options in the coming year.

Digitt Secures $50M from CoVenture to Help Prime Borrowers in Mexico Pay-Off Predatory Credit Card Debt