Brigit

Brigit

Financial services for improving financial health

About Brigit

Simplify's Rating
Why Brigit is rated
B
Rated C on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

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 imposing hidden costs. The team at Brigit consists of experts from top institutions, bringing valuable experience in tackling financial insecurity. The company's goal is to empower individuals to achieve better financial outcomes and has been recognized for its efforts in the fintech space.

Simplify Jobs

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

Notable Investors:
Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
Coming Soon

Benefits

Medical benefits

Generous PTO

Paid parental leave

Phone/wifi stipend

401k

Snacks & more

Growth & Insights and Company News

Headcount

6 month growth

3%

1 year growth

0%

2 year growth

1%
Stock Titan
Jan 31st, 2025
Upbound Acquires Brigit, Gains 4M Customers

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.

Business Wire
Dec 16th, 2024
Upbound Group Enters Definitive Agreement to Acquire Brigit, a Leading Financial Health Technology Firm, for up to $460 Million

Upbound Group, Inc. (“Upbound” or the “Company”) (NASDAQ: UPBD), a technology and data-driven leader in accessible and inclusive financial products th

WebWire
Apr 25th, 2024
Brigit Reaches New Growth Milestones as They Help Everyday Americans Save $1 Billion in Fees while Surpassing $100M in Revenue

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.

PeerIQ
Nov 12th, 2023
Revolving Debt Hits Record; FTC vs. Brigit; Klarna Looks to IPO

FTC takes action against Brigit.

Brigit
Mar 9th, 2022
Hellobrigit launches Credit Builder precisely

Brigit launched Credit Builder precisely to address this kind of problem for its members.

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