.
MergerLinks Header Logo

Announced

Completed

Oportun completed the acquisition of Digit for $213m.

Financials

Edit Data
Transaction Value£158m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

United States

Domestic

Majority

Private

mobile applications

Acquisition

FinTech

Single Bidder

Friendly

Completed

Synopsis

Edit

Oportun, a firm engaged in providing financial services, completed the acquisition of Digit, a developer of a mobile application designed to help increase personal savings wisely, for $213m. “This is a transformational deal that will expand our addressable market, accelerate and diversify revenue growth, and position Oportun for even more future success. In Digit, we are purchasing a proven and scalable neobanking solution that gets us to market 3-5 years earlier than if we were to build it on our own," Raul Vazquez, Oportun CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US