Trinity Capital Inc. has announced a new commitment of up to $40 million in an asset-based revolving credit facility to Alt, an innovative online marketplace specializing in trading cards. This significant financial support is designed to accelerate Alt's expansion into the global market, with their services currently available in 76 countries. The funding will enable Alt to extend larger loans and offer more immediate cash advances to collectors, enhancing liquidity options. Alt operates a comprehensive marketplace allowing users to buy, sell, and borrow against trading cards, supported by their proprietary valuation tool, "Alt Value." Trinity Capital, a leading alternative asset manager, views this partnership as a strategic move to support Alt's growth and innovation in the collectibles industry.
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