Brigit is a financial platform that provides cash advances, credit-building tools, and financial management features through real-time spending insights and automated overdraft protection. By enabling users to access funds quickly without credit checks and offering credit monitoring, Brigit helps individuals avoid late fees and improve their financial stability.
Funding
$122.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
CIFounders
Product
Problem
Many individuals face unexpected expenses or income shortfalls between paychecks, leading to overdraft fees, late payment penalties, and financial instability. Traditional financial institutions often require credit checks and lengthy approval processes, making it difficult for some to access small, short-term loans quickly.
Solution
Brigit provides a mobile platform that offers cash advances, credit-building tools, and financial management features to help users avoid overdrafts and improve their financial health. Users can access cash advances ranging from $25 to $250 without a credit check, and the platform offers automated overdraft protection by predicting potential shortfalls and proactively transferring funds. Brigit also provides credit monitoring, spending insights, and tools to identify savings opportunities, empowering users to better manage their finances and build credit. The platform integrates with over 15,000 banks and credit unions, offering a seamless experience for a broad range of users.
Target Audience
Brigit targets individuals with low or developing credit scores, those who experience income volatility, and anyone seeking to avoid overdraft fees and improve their overall financial stability.
Features
- Instant Cash advances from $25 to $250 with no credit check or interest
- Automated overdraft protection with balance predictions and auto-transfers
- Credit Builder feature that reports payments to all three major credit bureaus
- Credit score tracking with full credit reports and identity theft protection
- Spending insights and budgeting tools to monitor income, expenses, and subscriptions
- Earn & Save feature that provides access to surveys, part-time jobs, and discounts
- Real-time bank balance alerts and spending breakdowns
- 256-bit encryption to secure user data