Trinity Capital, an alternative asset manager, committed up to $40 million in an asset-based revolving credit facility to Alt, an online marketplace that facilitates buying, selling, vaulting and loans against investment-grade trading cards.
“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,” Steven Lambe, managing director, asset-based lending at Trinity Capital, said. “We are excited to partner with their team during this time of significant growth.”
“This warehouse line of credit marks an industry defining breakthrough for the hobby,” Leore Avidar, founder & CEO of Alt, said. “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!”
