Brigit’s Post

🚀 DN Capital announces successful sale of Brigit! Brigit is a US fintech offering financial planning and consumer credit to customers in the US with the goal of helping avoid overdraft and late payment fees – a business fully aligned with DN’s investment thesis of backing companies advancing financial inclusion. DN was so taken with the founding team and business model of Brigit in its earliest form that back in 2020, prior to Brigit’s Series A, DN structured and anchored a unique debt facility for Brigit, that enabled it to greatly expand its loan book and support more customers – therefore enabling its successful and oversubscribed Series A, which DN then participated in. It’s almost unheard of for a non-equity investor to participate in a facility like this, but the DN team, led by Steven Schlenker, was so convinced by the Brigit team and model we knew we had to help the company succeed. Brigit has since helped customers avoid more than $1bn in predatory bank fees, and become one of the fastest fintechs to reach $100 million in revenue, while doing so profitably. Zuben Mathews, Hamel Kothari and the entire Brigit team – congratulations on what you’ve achieved. We’re immensely proud to have supported Brigit on its journey so far. You can read more about Brigit and its sale to Upbound in the comments below. #Brigit #DNCapital #Fintech #FinancialInclusion

Upbound Group Enters Definitive Agreement to Acquire Brigit, a Leading Financial Health Technology Firm, for up to $460 Million “We are thrilled to welcome Brigit, a company whose mission and target customer base are closely aligned with ours, into our family of brands,” said Upbound’s Chief Executive Officer Mitch Fadel. “Creating a financial solutions platform with Brigit as the backbone expands our addressable market and enables Upbound to innovate across even more product categories to improve the financial health of our customers. The ability to add new products for our customers beyond lease-to-own is an important part of our strategy and now we can offer liquidity solutions, budgeting, credit building, financial literacy and savings. We believe this transaction will position Upbound for accelerated growth, with greater scale and a more diversified financial profile, ultimately driving long-term value for our shareholders.” https://lnkd.in/e7vkWUQE Jeff Chesnut, CPA, MBA Kelly Kimberly Leah Polito Sarah Philips Sudeep Gautam Ann L Davids Zuben Mathews George Yury Revutsky Fara Remtulla #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

🚨🚨🚨 Another Fintech M&A alert Upbound Group Enters Definitive Agreement to Acquire Brigit for up to $460 Million. Brigit's subscription-based platform, launched in 2019, focuses on financial inclusion by saving users overdraft fees with its Instant Cash advance product. The company also offers credit-building and financial wellness resources. Brigit serves nearly two million monthly active customers, including over one million paying subscribers. Upbound, whose brands include Rent-A-Center and Acima, offers consumers with low credit scores help to buy products, including furniture, electronics, and other home goods, through so-called lease-to-own agreements. The combined company aims to leverage Brigit's AI/ML models to enhance customer experience and financial solutions for credit-poor consumers. Efi Pylarinou Jason Mikula Marcel van Oost Bryan Clagett https://lnkd.in/eFX8p8KC

🗞️ RISR has announced the successful closure of a $1.5 million capital raise. This seed round, which saw participation from financial services industry titans including Kane Brenan, Angelo Grecco, Kevin Lucey, Scott Hildenbrand, Frank Coates and David Henkin, will primarily fund strategic hires, service enhancements and platform development. Built to deepen relationships between advisors and their business owner clients, RISR unlocks the data and insights required to enable more personalized engagement. Business owners face critical decisions that directly inform succession planning, capital structure, estate planning, tax planning, investments, insurance and more. As private business data is notoriously disorganized and difficult to analyze, advisors lack the tools needed to help their clients optimize and protect their most valuable asset. To fill this gap, RISR seamlessly aggregates and analyzes key financial and business data to provide personalized insights that launch advisors into more meaningful conversations. “We believe deeply in the work that advisors do, which often blends tactics with the art of understanding a business owner’s hopes, dreams and desires. At RISR, we are hyper-focused on helping advisors better serve business owners. Sixty-five percent of them don’t have an advisor, and that doesn’t sit right with us. We designed our platform to change that.” - Jason Early, founder and chief executive officer #news #funding #seedround #advisors #wealthmanagement https://lnkd.in/e4UzzJM6

Thanks to Jeff Swearingen for his kind words and firsthand account of working with Vista Point Advisors: "Overall, I can't say enough good things about the experience of working with Vista Point. In a time where you're lucky to have any service provider even bother to respond to you on an inquiry, Vista Point has a 'hustle factor' that's in a league of its own. They were always there to answer or return my call, even on a Sunday afternoon." Link: https://lnkd.in/geZu8SmK #founders #investmentbanking

Functional Finance,  a software platform “revolutionising financial operations” for managing general agents, insurance companies, and wholesalers, announced the closing of a $20 million Series A funding round led by Walkabout Ventures, with participation from Munich Re Ventures and Philip Edmundson, the founder of Corvus Insurance. Rashmi Melgiri, CEO and co-founder of Functional Finance, also commented, saying: “We are incredibly grateful for the continued support from our investors. The funding will allow us to accelerate our product development and invest in additional strategic hiring for engineering, product development, customer success, and operations. ” Ben Bergsma, principal at Munich Re Ventures, said: “We have watched Functional Finance build a platform with tremendous commercial potential. The company’s industry expertise and innovative technical approach to automating FinOps will offer the insurance industry greater flexibility and capabilities. We see significant value for many businesses up and down the value chain, including several within our own portfolio, in leveraging the Functional Finance platform.” Read the full story here: https://lnkd.in/d2m-5smD #insurtechinsights #insurtech #insurance #funding

FOMO: Fear of Missing Out! "The first quarter of 2024 wrapped as the most active in wealth M&A history, which was then followed by this week’s record activity," according to MarshBerry VP of Financial Advisory Rob Madore.  According to WealthManagement.com below, “No less than 14 deals and a couple of new launches were announced, as well as a bevy of talent grabs. In all, more than $22 billion in client assets were on the move”. The fear of missing out (FOMO), which so many are feeling every day, is aimed directly at wire house advisor, regional advisors, and insurance-based advisors. It’s “OK” to peek over the fence and break away. It’s never too late to see what’s “growing-on” across the street. 100% turnkey independent BD’s and RIAs exist just for you. Customed tailored!!! Too many to name here, but easy to access through my colleagues and me. If you’d like to learn more, have a general question or simply ready to “peek over the fence”, we’re ready for you! #bridgemarkstrategies#wealthmanagement#financialadvisor#financialplanning#ubs#merrilllynch #morganstanley#wellsfargo#raymondjames#edwardjones#massmutual#northwesternmutual#lincolnfinancialgroup

# Only Put Off Until Tomorrow What You Are Willing to Die Having Left Undone ## Blue Owl Capital Considers Acquiring IPI Partners for Roughly $1B Blue Owl Capital Inc. \(OWL\) is in discussions to acquire IPI Partners, a firm specializing in data centers and digital infrastructure investments, for approximately $1 billion. According to Bloomberg's sources, this potential deal highlights Blue Owl Capital's interest in expanding its portfolio within the technology and digital sectors. Led by managing partner Matt A'Hearn, IPI Partners has established itself as a prominent player in the investment landscape, focusing on data centers and other critical digital infrastructure assets. The discussions between Blue Owl Capital and IPI Partners signify an exciting opportunity for both entities to combine their expertise and drive further growth in an increasingly interconnected world. Investors are advised not to overlook the potential significance of this acquisition. As the demand for data centers and digital infrastructure continues to surge, this move positions Blue Owl Capital to benefit from the ongoing digitalization trend. By allocating resources into this sector, investors can harness the growth potential of technology-driven opportunities while enhancing their Health Savings Account \(HSA\) investments. Take action now to avoid the Fear of Missing Out \(FOMO\). Stay ahead of the curve by strategically investing in healthcare, technology, and digital infrastructure through your HSA. Empower yourself and secure a brighter future for your family's health, wellness, and financial well-being. 🚀💰 #hsa #investing #healthcare #health #family #wellness

“Trustpilot has limited direct competition, a compelling value proposition and is a trusted brand”💬📈 Ken Wotton, Fund Manager, WS Gresham House UK Smaller Companies Fund, highlights customer review website Trustpilot as a FTSE 100 star of the future in an article for Portfolio Adviser. Shares in the company currently trade at a steep discount compared with other global markets, like many small-cap companies listed in the UK, but it could skyrocket into the FTSE 100 once its price catches up to its real value. Ken commented: “If Trustpilot can deliver the growth and partially close its rating discount to US-listed software peers, that would be sufficient to pilot itself into the top tier of the UK equity markets.” https://lnkd.in/gSjm2vF4 #smallcap #ukequities | Capital at risk. Not an investment recommendation. Opinions are the fund manager's own and not necessarily those of Gresham House. 

US financial health fintech Brigit acquired by Upbound Group in deal worth up to $460m 📰Cameron Emanuel-Burns reports 👇 https://lnkd.in/eRsRFyNr #FinTech