Brigit Reaches New Growth Milestones as They Help Everyday Americans Save $1 Billion in Fees while Surpassing $100M in Revenue

Brigit, the leading financial health app dedicated to improving financial inclusion in America, announces a series of milestones, including $100 million in revenue and a full year of profitability, further establishing itself the leading financial health app.

With 75% of adults in the U.S. living paycheck to paycheck, Brigit provides a suite of transparent, fair, and valuable financial products designed to help members access cash, build credit, earn, save, and understand their finances. To date, Brigit has provided $2.3 billion to help members cover essentials like rent and groceries while saving them $1 billion in predatory bank fees (on average, members save $425 annually in overdraft fees), starkly contrasting with big banks that charged Americans $7.7 billion in overdraft fees in 2022.

At the core of Brigit’s platform is its proprietary machine learning and AI-powered cash-flow underwriting technology, which relies exclusively on cash flow data. This eliminates bias and bypasses outdated FICO scores, which have historically marginalized Americans.

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. Brigit Premium is designed to help members build their credit, access earned wages early, budget better, gain valuable financial insights, and find earning and saving opportunities. Credit Builder, the newest addition to Brigit’s suite of services, has helped 100,000+ members build their credit while saving.

Priced at $14.99 per month, Brigit Premium includes:

• Credit Builder: Whether you want to build or rebuild credit, Credit Builder helps you build credit by setting aside savings each month.
• Instant Cash: Get cash in minutes with no credit check, late fees, or Express Delivery fees, as they are all included in the flat monthly subscription.
• Credit Monitoring: Stay informed about credit health with regular score updates and access to complete credit reports.
• Identity Theft Protection: Up to $1 million in identity theft reimbursement, lost wallet assistance, and identity restoration services.
• Earn & Save: Discover opportunities to earn money and access exclusive offers, providing additional avenues for financial growth.
• Finance Helper: Monitor expenses with spending breakdowns, bill forecasts, and earnings comparisons.

Brigit’s mission to help Americans build a brighter financial future is grounded in fostering economic sustainability for everyday individuals living paycheck to paycheck. At a time when 40% of American adults reported that they struggled to make ends meet, 93% of Brigit users said they felt in control of their finances after using Brigit’s services.

Dominique Phillips, Special Education Teacher and Brigit member, says, “Before using Brigit, I felt frustrated having to decide what was most important to pay for, whether I should go to Urgent Care or buy food. I love the feature that predicts if I will go into the negative; it gives me a clear picture of things I need to work on or change. Knowing how much money I’ve spent on a certain area helps me think about what’s important to save up for so I have it later. The last time I used Brigit was to pay for my two-year-old daughter’s daycare, which has to be paid every week, and I needed to pay her so I could go to work.”

As the company continues to scale and launch new products, Tara Rider has been appointed Head of Policy and Government Relations and Anthony Forino Vice President of Compliance. Rider’s extensive public policy background and consumer rights advocacy will bolster Brigit’s relationships with policymakers and regulators, emphasizing the company’s commitment to impactful governance. Meanwhile, Forino’s expertise in compliance and risk management within the financial sector will ensure Brigit’s continued adherence to regulatory standards, reinforcing its dedication to ethical practices and economic inclusivity.

To learn more, go to: hellobrigit.com

About Brigit

Brigit is a holistic financial health app that has helped over 7 million Americans budget better, monitor and build their credit, get their earned wages early, protect themselves from identity theft, and find ways to earn and save money. Its mission is to help everyday Americans build a better financial future. Brigit is backed by Ashton Kutcher and Kevin Durant, as well as other prominent investors.

Contact Information

Maggie Philbin

Partner

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