Brigit Analysis: $38M Raised
What is Brigit?
Instant cash advances and credit building app
Employees
51-200
Founded
2017
Industry
Personal Finance
Latest Funding Round Size
$38M
Website Url
Product Features & Capabilities
- Instant cash advances with no credit check
- Credit builder accounts to improve credit scores
- Finance helper for budgeting and spending insights
- Job discovery for side gigs and savings
- Identity theft protection with coverage up to $1 million.
How much Brigit raised
Funding Round - $38M
RecentOther Considerations
Over 9 million users have joined Brigit; Monthly subscription fees range from $8.99 to $14.99; Brigit's services are not available in all states.
Competitors
The main competitors of Brigit in the fintech space include: 1. MoneyLion 2. Woveo 3. Bright
These companies offer similar financial products such as cash advances and credit building tools.
Recent News
- Acquisition by Upbound Group - Brigit was acquired by Upbound Group in a deal valued at up to $460 million. The founders, Zuben Mathews and Hamel Kothari, will continue to lead Brigit as a business segment of Upbound.
- FTC Refunds - The Federal Trade Commission (FTC) announced that it is sending more than $17 million in refunds to consumers who were harmed by Brigit's deceptive claims, junk fees, and a confusing cancellation process.
