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Tricolor Snares $90M Investment

2021-09-13
DALLAS, TX, Tricolor announced a $90 million convertible preferred equity investment from funds managed by BlackRock.
Tricolor announced a $90 million convertible preferred equity investment from funds managed by BlackRock (BlackRock Funds), which converts to a minority stake.

Tricolor is a U.S. Department of the Treasury certified Community Development Financial Institution (CDFI) and a mission-driven company that leverages its direct-to-consumer, AI-powered platform to provide the underserved Hispanic market with high quality, affordable used motor vehicles and financing.
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