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Tricolor Auto secures $90M in funding from BlackRock

Funds will aid in the lender’s expansion and scaling of SaaS business, Tricolor Financial

Joey Pizzolato

Tricolor Auto Acceptance has secured a $90 million convertible preferred equity investment from funds managed by BlackRock, which the lender will use to continue its geographic expansion and scale its software-as-a-service (SaaS) venture launched in February, Tricolor Financial. Multinational investment firm BlackRock will have the option to convert its investment into a minority share of […]

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