Personal finance app brigit has reportedly collected $35m in its Series A round to help it expand its operations.
The capital infusion was led by Lightspeed Venture Partners, with commitments also coming from DCM, CRV, Secocha, Hummingbird, Brooklyn Bridge Ventures, Nyca, Core Innovation Capital, Canaan, Abstract, Shasta, DN Capital, Flourish Ventures and Ashton Kutcher’s Sound Ventures according to a report from FinSMEs.
With the funds, the FinTech to expand its operations and further the reach of its business.
In line with the investment, Lightspeed’s partner Jeremy Liew will join brigit’s board of directors.
The mobile app enables users to get insights on spending habits, track bills, access $250 advance with no credit check or interest, automated advances to avoid going into an overdraft, tools to better understand credit and job adverts to earn more money.
Earlier in the week, financial education platform Finance Unlocked scored £1.75m in an investment from unnamed angel backers. The FinTech provides education on a range of areas in financial services, including FinTech, green finance, regulation, modelling, commodities, equity markets and much more.
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