Finova Financial completes $52.5 mln funding

Finova Financial, an auto title lending platform, raised $52.5 million in a combination of equity and a credit facility. Investors included MHS CapitalRefactor CapitalMetamorphic Venture, and 500 StartUps, as well as entrepreneurs Sam Hodges and Jake Gibson. Al Hamra Group, the investment firm of the United Arab Emirates’ ruling family, also participated. CoVenture provided the credit facility.

Source: Press Release