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About Brigit
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Acquired
Total Funding
$570M
Headquarters
New York City, New York
Founded
2017
Overview
Brigit provides financial services aimed at helping everyday Americans improve their financial health. The company offers transparent and fair financial products that assist users in managing their finances effectively and avoiding unnecessary fees. Brigit's services are designed to promote wise spending and financial stability, ensuring that customers can keep more of their money. Unlike many competitors, Brigit's business model aligns with the interests of its users, focusing on putting money back into their hands rather than charging hidden fees. The team at Brigit consists of experts from top institutions, bringing valuable experience in tackling financial insecurity. The company's goal is to enhance the financial well-being of its members through accessible and straightforward financial solutions.
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Simplify's Take
What believers are saying
- Brigit's acquisition by Upbound expands its customer base to 4 million active users.
- The launch of Brigit Premium caters to members seeking enhanced financial health tools.
- Brigit has helped members save over $250 million in fees since its launch.
What critics are saying
- FTC action against Brigit could lead to regulatory challenges and potential fines.
- The acquisition by Upbound may lead to strategic shifts affecting Brigit's business model.
- Increased competition from fintech companies could pressure Brigit to innovate continuously.
What makes Brigit unique
- Brigit offers no-interest cash advances, a key feature attracting budget-conscious users.
- The app's cash flow underwriting technology enhances risk management and fraud prevention.
- Brigit's team includes experts from Amazon, Deutsche Bank, and Palantir, ensuring financial expertise.
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Funding
Total Funding
$570M
Above
Industry Average
Funded Over
4 Rounds
Lightspeed Venture PartnersBenefits
Medical benefits
Generous PTO
Paid parental leave
Phone/wifi stipend
401k
Snacks & more
Growth & Insights and Company News
6 month growth
↓ -2%1 year growth
↑ 0%2 year growth
↓ -4%Upbound Group (NASDAQ: UPBD) has acquired Brigit, expanding its customer base to approximately 4 million active users, including over 1 million paying subscribers. The acquisition enhances Upbound's platform with Brigit's digital solutions like earned wage access and credit building products. Brigit's cash flow underwriting technology will improve risk management and fraud prevention for Upbound's brands. Brigit co-founders Zuben Mathews and Hamel Kothari will continue to lead the Brigit team.
Upbound Group, Inc. (“Upbound” or the “Company”) (NASDAQ: UPBD), a technology and data-driven leader in accessible and inclusive financial products th
Introducing Brigit Premium In response to our members' desire to keep improving their financial health, Brigit is announcing the official launch of Brigit Premium to all members, transitioning it from beta.
FTC takes action against Brigit.
Brigit launched Credit Builder precisely to address this kind of problem for its members.
Brigit is Hiring for 16 Jobs on Simplify!
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About Brigit
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Acquired
Total Funding
$570M
Headquarters
New York City, New York
Founded
2017
Brigit is Hiring for 16 Jobs on Simplify!
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to Brigit