About Digit
Digit is a company based in San Francisco (United States) founded in 2013 was acquired by Oportun in November 2021.. Digit has raised $64.05 million across 5 funding rounds from investors including Oportun, Ribbit Capital and General Catalyst. Digit operates in a competitive market with competitors including Qapital, Tala, SaveUp, Finnt and Seashell, among others.
- Headquarter San Francisco, United States
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Hello Digit, Inc.
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Funding Insights of Digit
Digit has successfully raised a total of $64.05M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $27.5 million completed in September 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series C — $27.5M
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First Round
First Round
(16 Dec 2014)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Series C - Digit | Valuation | General Catalyst | |
| Jun, 2016 | Amount | Series B - Digit | Valuation | Ribbit Capital | |
| Jun, 2015 | Amount | Series A - Digit | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Digit
Digit has secured backing from 11 investors, including venture fund and angel investors. Prominent investors backing the company include Oportun, Ribbit Capital and General Catalyst. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment and transformation services for entrepreneurs in technology and finance sectors.
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Founded Year | Domain | Location | |
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Early-stage companies in fintech and multiple sectors are invested in.
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Founded Year | Domain | Location | |
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Corporate backed venture capital fund investing in multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Digit
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Digit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Digit Comparisons
Competitors of Digit
Digit operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Qapital, Tala, SaveUp, Finnt and Seashell, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Micro-savings enabled via automated transfers in a mobile app.
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| domain | founded_year | HQ Location |
Fintech services for credit, savings, and payments are delivered globally.
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| domain | founded_year | HQ Location |
Rewards are earned for personal savings and debt reduction efforts.
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| domain | founded_year | HQ Location |
Decentralized platform for financial products
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| domain | founded_year | HQ Location |
Savings accounts for individuals are facilitated via a mobile app.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Digit
Frequently Asked Questions about Digit
When was Digit founded?
Digit was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Digit located?
Digit is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Digit a funded company?
Digit is a funded company, having raised a total of $64.05M across 5 funding rounds to date. The company's 1st funding round was a Series A of $250K, raised on Dec 16, 2014.
What does Digit do?
Digit was founded in 2013 in San Francisco, United States, within the fintech sector. A mobile app is operated that analyzes users income and spending patterns to determine savings amounts. Funds are transferred to a non-interest-bearing, FDIC-insured account, with withdrawals permitted at any time. The service is accessible via Android and iOS platforms for personal finance management.
Who are Digit's investors?
Digit has 11 investors. Key investors include Oportun, Ribbit Capital, General Catalyst, Google Ventures, and Freestyle VC.
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