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Snappt Acquires Trigo to Enhance Applicant Trust Platform for Multifamily Housing, Secures $50M Growth Financing

1. Snappt acquired Trigo with $50 million facility from HTGC. 2. The acquisition enhances Snappt's leasing decision capabilities.

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FAQ

Why Bullish?

HTGC's financial support for Snappt's growth indicates confidence in the multifamily housing sector. Similar past investments have positively influenced stock performance for related companies.

How important is it?

The significant financial backing demonstrates HTGC's commitment, possibly enhancing investor confidence and market perception.

Why Long Term?

The acquisition bolsters Snappt’s service long-term, potentially increasing HTGC's investment returns. Historical trends show sustained growth in successful tech-enabled property management platforms.

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HTGCSPTTRGO
LOS ANGELES--(BUSINESS WIRE)--Snappt, the leading platform for applicant trust in multifamily housing, today announced it has acquired Trigo, a company known for its breakthrough technology in verifying rental payment history. Backed by a $50 million committed facility from Hercules Capital, Inc. (NYSE: HTGC), the acquisition expands Snappt's platform and strengthens its ability to help property managers make faster, more confident leasing decisions. Together, these milestones mark a major step.

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