Trinity Capital announced the commitment of up to $40 million in an asset based revolving credit facility to Alt, a dynamic online marketplace that facilitates buying, selling, vaulting, and loans against investment-grade trading cards.   

Alt offers a full-service marketplace where users can buy authenticated, high-demand cards through fixed-price listings or curated weekly auctions; consign cards for an instant cash advance and a rapid, low-fee payout of the remaining proceeds once the card sells; vault assets securely with professional storage and insurance; and borrow cash against card portfolios through a collateralized lending program. In addition, it gives users access to "Alt Value," its proprietary valuation tool that leverages market data and AI-powered analytics to deliver real-time valuations and portfolio insights.

"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," said Steven Lambe, Managing Director, Asset Based Lending at Trinity Capital. "We are excited to partner with their team during this time of significant growth."

Founded in 2020 and headquartered in San Francisco, California, the company operates globally, with its online marketplace available in 76 countries. This capital infusion will help accelerate Alt's market expansion.

"This warehouse line of credit marks an industry defining breakthrough for the hobby," said Leore Avidar, Founder & CEO of Alt. "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!"