Brigit, a NYC-based provider of a holistic financial health app, raised $35m in Series A funding.
The round was led by Lightspeed Venture Partners, with participation from DCM, Nyca, Canaan, DN Capital, CRV, Core Innovation Capital, Shasta, Hummingbird, Abstract, Brooklyn Bridge Ventures, Secocha, Ashton Kutcher’s Sound Ventures, and Flourish Ventures. In addition to the funding announcement, Lightspeed Venture Partners’ Jeremy Liew will be joining the Board of Directors.
The company intends to use the funds to expand operations and its business reach.
Co-founded by Zuben Mathews and Hamel Kothari, Brigit provides financial products that put money control in the hands of members, helping them spend wisely, and avoid unfair fees.
The company also reached the target of over $250 million in fees saved since launch. To date, they served over 1 million people.
Advisors in Brigit include:
- Corey Stone, former assistant director at the Consumer Financial Protection Bureau,
- Adrienne Harris, a board member of the Financial Health Network and former special assistant at the National Economic Council in the Obama White House, and
- Bobby Mehta, former CEO of TransUnion, and current board member of TransUnion and Allstate.