{"id":861,"date":"2024-12-18T16:03:41","date_gmt":"2024-12-18T16:03:41","guid":{"rendered":"https:\/\/www.dncapital.com\/blog\/?p=861"},"modified":"2024-12-18T16:03:42","modified_gmt":"2024-12-18T16:03:42","slug":"dn-capital-announces-successful-sale-of-brigit","status":"publish","type":"post","link":"https:\/\/www.dncapital.com\/blog\/dn-capital-announces-successful-sale-of-brigit\/","title":{"rendered":"DN Capital\u00a0announces successful sale of\u00a0Brigit!"},"content":{"rendered":"\n<p>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 \u2013 a business fully aligned with DN\u2019s investment thesis of backing companies advancing financial inclusion.<br><br>DN was so taken with the founding team and business model of Brigit in its earliest form that back in 2020, prior to Brigit\u2019s 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 \u2013 therefore enabling its successful and oversubscribed Series A, which DN then participated in.<br><br>It\u2019s almost unheard of for a non-equity investor to participate in a facility like this, but the DN team, led by&nbsp;<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/steven-schlenker-527a3\/\">Steven Schlenker<\/a>, was so convinced by the Brigit team and model we knew we had to help the company succeed.<br><br>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.<br><br><a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/zuben-mathews-0ba6b95\/\">Zuben Mathews<\/a>,&nbsp;<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/hamelkothari\/\">Hamel Kothari<\/a>&nbsp;and the entire Brigit team \u2013 congratulations on what you\u2019ve achieved. We\u2019re immensely proud to have supported Brigit on its journey so far.<\/p>\n\n\n\n<p>To read more, please click here:&nbsp;<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/www.businesswire.com\/news\/home\/20241212082702\/en\/Upbound-Group-Enters-Definitive-Agreement-to-Acquire-Brigit-a-Leading-Financial-Health-Technology-Firm-for-up-to-460-Million\">https:\/\/www.businesswire.com\/news\/home\/20241212082702\/en\/Upbound-Group-Enters-Definitive-Agreement-to-Acquire-Brigit-a-Leading-Financial-Health-Technology-Firm-for-up-to-460-Million<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 \u2013 a business fully aligned with DN\u2019s investment thesis of backing companies advancing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":862,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-portfolio-news"],"_links":{"self":[{"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/posts\/861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/comments?post=861"}],"version-history":[{"count":1,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/posts\/861\/revisions"}],"predecessor-version":[{"id":863,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/posts\/861\/revisions\/863"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/media\/862"}],"wp:attachment":[{"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/media?parent=861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/categories?post=861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dncapital.com\/blog\/wp-json\/wp\/v2\/tags?post=861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}