Trinity Capital Inc. Offers Alt Platform Inc. a Significant $40 Million Credit Facility to Boost Growth

Trinity Capital Inc. Partners with Alt Platform Inc.



In a significant financial move, Trinity Capital Inc. (NASDAQ: TRIN), a prominent alternative asset manager based in Phoenix, Arizona, has announced its commitment of up to $40 million in an asset-based credit facility to Alt Platform Inc. Founded in 2020 and headquartered in San Francisco, California, Alt has emerged as a trailblazer in the trading card industry, providing a comprehensive online marketplace for collectors.

The Structure of the Partnership



This newly established credit facility will bolster Alt's capabilities in offering a full-service marketplace where users can seamlessly buy and sell authenticated investment-grade trading cards. Through this platform, users can take advantage of fixed-price listings or participate in curated weekly auctions. Moreover, they can consign cards for immediate cash advances, vault assets securely, and leverage collateralized loans against their card collections. This partnership is set to enhance liquidity for Alt's users, making it easier for collectors to access the funds they need.

Leore Avidar, the CEO and founder of Alt, expressed enthusiasm about this financial backing, stating, "This warehouse line of credit marks an industry-defining breakthrough for the hobby. It allows us to extend larger loans and provide instant cash advances efficiently and at scale, enabling us to cater even to multimillion-dollar loan requests. This advancement is just the beginning; we aim to implement similar financing options across various collectibles categories."

This partnership signifies a crucial step forward for both companies. For Trinity Capital, it represents an opportunity to engage with a rapidly growing industry, while for Alt, it provides the capital infusion needed to expand its operations, especially given its marketplace is now accessible in 76 countries worldwide.

Alt's Innovative Approach



Alt's commitment to transparency and comprehensive services is redefining the trading card market. The platform includes a proprietary valuation tool, Alt Value, which empowers users with real-time valuations and insights into their collections through the use of AI-powered analytics. Steven Lambe, Managing Director at Trinity Capital, referred to Alt's transparency as a significant factor in generating demand within the collector community by stating, "Alt's focus on transparency and a full-service marketplace is helping unlock a new wave of demand for trading cards among collectors and investors."

In addition to these exciting developments, Alt is continuously innovating its business model, ensuring it meets the evolving needs of its users and position in the marketplace. This innovation is likely to attract a diverse range of investors and collectors seeking reliable and liquid opportunities in trading cards and beyond.

About Trinity Capital Inc. and Alt



Trinity Capital Inc. is recognized as a leader in private credit markets, specializing in providing tailored debt solutions to growth-oriented, well-capitalized companies. With over $4.3 billion invested across more than 400 projects since its inception in 2008, Trinity Capital has established itself as a trusted partner in the financial landscape.

On the other hand, Alt is reshaping the investment framework for trading cards, focusing on providing liquidity and a sense of assurance to collectors, who have previously faced challenges in a fragmented and intricate market. Their commitment to innovation and customer-centric services promises to advance the industry significantly.

This collaboration between Trinity Capital and Alt is not just about financial support; it's about paving the way for the future of collectibles, highlighting the trend of blending technology, finance, and traditional hobbies in the ever-evolving investment landscape.

For more information on Trinity Capital, visit trinitycapital.com and learn about Alt at alt.xyz.

Topics Financial Services & Investing)

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