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Announced

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Oportun completed the acquisition of Digit for $213m.

Synopsis

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.

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