Trinity Capital Inc. Provides Alt Platform Inc. with up to $40 Million Asset Based Credit Facility
Rhea-AI Summary
Trinity Capital (NASDAQ: TRIN) has committed up to $40 million in an asset-based revolving credit facility to Alt Platform Inc., an online marketplace for trading cards. Alt's platform enables users to buy, sell, vault, and obtain loans against investment-grade trading cards across 76 countries.
The platform features fixed-price listings, curated weekly auctions, instant cash advances, secure vaulting services, and a collateralized lending program. Alt also provides "Alt Value," a proprietary AI-powered valuation tool for real-time portfolio insights. The funding will support Alt's market expansion and enhance its ability to offer larger loans and instant cash advances to collectors.
Positive
- Strategic expansion of Trinity Capital's lending portfolio in the growing collectibles market
- Provides exposure to Alt's presence in 76 countries through their online marketplace
- Partnership enables scaling of Alt's lending capabilities for high-value collectibles
Negative
- Exposure to the volatile collectibles market which could affect loan collateral values
- Concentrated risk in a single borrower in an emerging asset class
News Market Reaction 1 Alert
On the day this news was published, TRIN declined NaN%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Alt offers a full-service marketplace where users can buy authenticated, high-demand cards through fixed‑price listings or curated weekly auctions; consign cards for an instant cash advance and a rapid, low-fee payout of the remaining proceeds once the card sells; vault assets securely with professional storage and insurance; and borrow cash against card portfolios through a collateralized lending program. In addition, it gives users access to "Alt Value," its proprietary valuation tool that leverages market data and AI-powered analytics to deliver real-time valuations and portfolio insights.
"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," said Steven Lambe, Managing Director, Asset Based Lending at Trinity Capital. "We are excited to partner with their team during this time of significant growth."
Founded in 2020 and headquartered in
"This warehouse line of credit marks an industry defining breakthrough for the hobby," said Leore Avidar, Founder & CEO of Alt. "It unlocks our ability to extend larger loans and more instant cash advances, giving collectors fast, reliable liquidity at scale. If a customer needs a multimillion dollar loan, we can finally offer that in a more efficient and scalable way. Trading cards are just the beginning, we're perfecting the model here so we can bring the same friction free financing to the broader world of collectibles. We're excited to partner with Trinity and grateful for their support as we continue to innovate and disrupt the collectibles industry!"
About Trinity Capital Inc.
Trinity Capital Inc. (NASDAQ: TRIN) is an international alternative asset manager that seeks to deliver consistent returns for investors through access to private credit markets. Trinity Capital sources and structures investments in well-capitalized growth-oriented companies across five distinct lending verticals: Sponsor Finance, Equipment Finance, Tech Lending, Asset-Based Lending, and Life Sciences. As a long-term, trusted partner for innovative companies seeking tailored debt solutions, Trinity Capital has deployed more than
About Alt
Alt is a modern marketplace where trading card collectors can buy, sell, and vault their graded trading cards. Alt is changing the way people invest in trading cards by focusing on providing liquidity and transparency to an industry that has traditionally been fragmented and hard to understand.
Founded in 2020, Alt leverages proprietary market data, industry leading lending and cash advance programs, and cutting-edge pricing technology ("Alt Value") to create advantages and fast liquidity for every collector. Alt's growing marketplace maximizes returns and provides convenience to users. Alt is built for collectors, by collectors; to learn more visit alt.xyz.
View original content to download multimedia:https://www.prnewswire.com/news-releases/trinity-capital-inc-provides-alt-platform-inc-with-up-to-40-million-asset-based-credit-facility-302508483.html
SOURCE Trinity Capital Inc.
FAQ
What is the size of Trinity Capital's credit facility to Alt Platform?
How will Alt Platform use Trinity Capital's credit facility?
What services does Alt Platform offer in the trading card market?
How many countries does Alt Platform operate in?
When was Alt Platform founded and where is it headquartered?
