MidCap Financial provided a $50 million senior revolving credit facility to Transfix, a technology-driven digital freight marketplace.

The MidCap Financial credit facility refinanced the company’s prior credit facility and will provide for the company’s go-forward working capital needs.

Founded in 2013 and headquartered in New York City, Transfix is a digital freight marketplace acting as a broker between carriers and shippers, as well as a provider of complementary software-as-a-service and service offerings.