Kafene included on the prestigious list for the second straight yearNEW YORK, March 13, 2024 /PRNewswire/ -- Kafene, a fintech startup that offers flexible purchase options through lease-to-own ("LTO") agreements, is pleased to announce its recognition as one of Forbes' Best Startup Employers of 2024. This marks Kafene's second consecutive year being included on the prestigious list.Forbes' America's Best Startup Employers list, compiled in conjunction with Statista Inc., recognizes the top 500 startups displaying excellence across employer reputation, employee satisfaction, and growth. Millions of data points were gathered and analyzed. Out of 20,000 companies, 3,000 qualified for in-depth analysis, and 500 startups made the final ranking for distinguished corporate culture and employee engagement practices."It's wonderful to see Kafene continually recognized as a top destination for talent in the fintech space," said Neal Desai, Co-Founder & Chief Executive Officer, Kafene. "Our people are our most valuable asset, and this award underscores our commitment to creating a dynamic and supportive culture where employees can thrive professionally and personally."Kafene's recognition highlights its unwavering commitment to fostering excellence and innovation. Since its founding in 2019, Kafene has facilitated over $150 million in incremental sales for its 2,000+ retail partners

NEW YORK - Kafene, a point-of-sale leasing platform providing lease-to-own agreements, has appointed Vin Thomas as general counsel and corporate secretary and Tony Cerino as senior vice president of partnerships.

PHOENIX, Jan. 31, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $15 million in growth capital to Kafene, a point-of-sale platform that helps retailers offer underserved consumers more flexible purchase options through transparent lease-to-own (LTO) agreements.Kafene's lease-to-own platform has generated more than $150 million in incremental sales for its retailer partners since its launch in 2020. With a proprietary machine learning model that leverages more than 20,000 data inputs, Kafene's tiered financing approach offers each customer an optimized financing option based on their risk profile – an innovative solution in the lease-to-own industry."Kafene's advanced underwriting process makes it more efficient and affordable for consumers across the credit spectrum thereby allowing merchant partners to expand their customer base," said Andrew Ghannam, Managing Director, Tech Lending at Trinity. "We're excited to partner with their team and look forward to supporting the company's growth."In 2023, Kafene finalized its Series B venture funding round at $31 million in equity financing led by Third Prime alongside existing investors.This incremental growth capital will enable the team at Kafene to continue to scale its commercial operations and reach a broader consumer base."It is very exciting to work with a capital partner like Trinity that is so aligned with Kafene's vision for the future," said Neal Desai, Co-Founder & Chief Executive Officer, Kafene. "This partnership will fuel our ability to serve Kafene's growing network of merchants and customers while delivering high-quality credit performance for years to come."About Trinity Capital Inc.Trinity Capital Inc