Windsor Drake Market Intelligence
Transaction · Neobank · 2021

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.

Strategic rationale

Creates an integrated neobanking platform combining Digit's savings, banking and investing products with Oportun's lending capabilities.

Deal terms & multiples

Deal value
$213M
Target revenue
Not disclosed
Target EBITDA
Not disclosed
EV / Revenue
Not disclosed
EV / EBITDA
Not disclosed
Announcement
December 1, 2021
Acquirer
Oportun (Strategic)
Sub-sector
Neobank

Sources

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