Oportun / Digit 2021
Oportun acquired Digit for $213M on December 1, 2021.
- Target
- Digit
- Acquirer
- Oportun
- Deal value
- $213M
- Announced
- December 1, 2021
- Sub-sector
- Neobank
Transaction overview
- Oportun announced the acquisition of Digit on December 1, 2021 for $213M.
- The deal is expected to close pending customary conditions.
Strategic rationale
Creates an integrated neobanking platform combining Digit's savings, banking and investing products with Oportun's lending capabilities.
Deal terms & multiples
Frequently asked questions
How much did Oportun pay for Digit?
Oportun acquired Digit for $213M, announced on December 1, 2021.
When did Oportun announce the acquisition of Digit?
Oportun announced the acquisition of Digit on December 1, 2021.
What sub-sector is Digit in?
Digit is tracked in the Neobank sub-sector.
Sources
- americanbanker.com /news/oportun-pumps-brakes-on-new-borrower-loans-amid-record-inflation