Brigit: Successfully Acquired by DN Capital
Deal News | Dec 18, 2024 | DN Capital Limited
DN Capital Limited, a private equity firm, has announced the successful sale of Brigit, a US-based fintech company. Brigit specializes in financial planning and consumer credit services aimed at helping customers in the US avoid overdraft and late payment fees. This transaction aligns with DN Capital's investment strategy of supporting innovative companies that advance financial technology and services. The sale of Brigit marks a significant exit for DN Capital, showcasing its ability to back companies that deliver substantial value in the fintech sector.
Sectors
- Financial Technology (Fintech)
- Private Equity
Geography
- United States – Brigit operates in the United States, offering financial technology services to US customers.
- United Kingdom – DN Capital Limited is based in the United Kingdom, from where they conduct their investment activities.
Industry
- Financial Technology (Fintech) – Brigit operates in the fintech sector, providing innovative financial solutions such as financial planning and consumer credit services to prevent overdraft and late fees.
- Private Equity – DN Capital is a private equity firm that invests in companies like Brigit, aligning with its investment thesis of supporting innovative and transformative businesses.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| DN Capital Limited | Selling Company | Company | A private equity firm engaged in investing in technology companies, with a focus on companies advancing transformative sectors such as fintech. |
| Brigit | Target Company | Company | A fintech company providing financial planning and consumer credit services aimed at reducing overdraft and late payment fees for US customers. |