M&A Deal Summary

Oportun Financial Acquires Digit

On November 16, 2021, Oportun Financial acquired information technology company Digit for 213M USD

Acquisition Highlights
  • This is Oportun Financial’s 1st transaction in the Information Technology sector.
  • This is Oportun Financial’s largest (disclosed) transaction.
  • This is Oportun Financial’s 1st transaction in the United States.
  • This is Oportun Financial’s 1st transaction in California.

M&A Deal Summary
Date 2021-11-16
Target Digit
Sector Information Technology
Buyer(s) Oportun Financial
Deal Type Add-on Acquisition
Deal Value 213M USD
Advisor(s) Financial Technology Partners (Financial)
Goodwin Procter (Legal)

Target

Digit

San Francisco, California, United States
website
Digit is a neobanking platform that provides its 600,000 paying members with personalized savings, investing, and banking tools. Digit members can keep and integrate their existing bank accounts into the platform, or they can make Digit their primary banking relationship by opening new accounts via Digit’s bank partner. Digit was formed in 2013 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

Oportun Financial

San Carlos, California, United States

website

Category Company
Founded 2005
Sector Financial Services
Employees2,725
Revenue 335M USD (2020)
DESCRIPTION

Oportun Financial is a mission-driven CDFI and provider of inclusive, affordable financial services powered by a deep, data-driven understanding of its customers and advanced proprietary technology. Oportun Financial was founded in 2005 and is based in San Carlos, California.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal