defi SOLUTIONS and Sagent Auto, two market-leading partners for lenders, have signed an agreement to merge and become one company, branded as defi SOLUTIONS. As the new defi SOLUTIONS we will combine our agility, stability, best-in-class compliance and scalability with the ability to quickly innovate to meet market demands.
We will work together to deliver the most exceptional suite of solutions and services and be the market-leading partner for lenders of all sizes and complexity.
Post close, Bret Leech will be leading the new company as CEO and current defi CEO Stephanie Alsbrooks Hanson will take on the role of founder and vice chair focused on client relationships.
Our vision has the financial backing of defi SOLUTIONS’ investors at Bain Capital Ventures as well as Sagent Auto’s investors of Warburg Pincus and Fiserv, Inc.
This merger reflects our extended commitment to the lending technology and services market for the future. The lending industry is constantly changing, and lenders are continuously looking to find new efficiencies, elevate the consumer experience, and respond to ever-changing regulatory requirements. By bringing together our two companies we can give lenders what they want and need right now and positively impact the lending industry for the future.
When the transaction closes, Sagent Auto’s locations in King of Prussia, PA and Amherst, NY will become part of a new, larger defi SOLUTIONS network of team members servicing 170+ clients across digital, originations, servicing, and outsourcing solutions.
We will continue to provide updates on the merger over the next few weeks through online FAQs at https://go.defisolutions.com/