If it feels like Houdini is playing a magic trick with your paycheck, you’re not alone. More than 75% of Americans live paycheck to paycheck, and just as fast as the money comes in… poof, it’s gone.

Between everyday things like gas and groceries to unexpected expenses like flat tires and trips to urgent care, the weight of making ends meet in this silent recession can feel debilitating.

We’re excited to share the impact we’ve had on uplifting the lives of millions of Americans who come to us to budget better, build and monitor their credit, get access to their earned wages early, find new ways to earn and save, and so much more.

To date, we’ve provided $2.3 billion to our members in early access to their earned wages, helping them cover everything from rent and groceries to unexpected emergencies. Along the way, we’ve saved them $1 billion in overdraft fees— nearly $425 per member on average! It’s a major feat given big banks charged Americans $7.6 billion in overdraft fees in 2022 alone. 

The impact of our services extends far beyond financial metrics. Dominique Phillips, a Special Education Teacher and Brigit user, “Before using Brigit, I felt frustrated having to decide what was most important to pay for, whether I should go to Urgent Care or buy food. I love the feature that predicts if I will go into the negative; it gives me a clear picture of things I need to work on or change. Knowing how much money I’ve spent on a certain area helps me think about what’s important to save up for so I have it later. The last time I used Brigit was to pay for my two-year-old daughter’s daycare, which has to be paid every week, and I needed to pay her so I could go to work.” 

More approvals – through AI-powered cash-flow underwriting 

At the heart of our impact is our technology. Our small but mighty team of 70 employees works relentlessly to build and scale our proprietary machine learning and AI-powered Cash-flow Underwriting technology and design new products with our members in mind. We’ve designed our underwriting technology so that by exclusively relying on cash flow data, we can bypass the antiquated FICO scoring system and ensure a fair evaluation process, devoid of biases that have historically marginalized millions.

Officially launching Brigit Premium 

In celebration of these milestones, we’re officially rolling out Brigit Premium. It’s a comprehensive suite of financial products to help our members access cash, build credit, earn, save, and understand their finances. Priced at $14.99 per month, Brigit Premium includes:

Priced at $14.99 per month, Brigit Premium includes:

  • Credit Builder*: Whether you want to build or rebuild credit, Credit Builder helps you build credit by setting aside savings each month. 
  • Instant Cash**: Get cash in minutes with no credit check, late fees, or Express Delivery fees, as they are all included in the flat monthly subscription.   
  • Credit Monitoring: Stay informed about credit health with regular score updates and access to complete credit reports.
  • Identity Theft Protection: Up to $1 million in identity theft reimbursement, lost wallet assistance, and identity restoration services.
  • Earn & Save: Discover opportunities to earn money and access exclusive offers, providing additional avenues for financial growth.
  • Finance Helper: Monitor expenses with spending breakdowns, bill forecasts, and earnings comparisons.

New policy and compliance team members

As we continue to grow and innovate, we’ve added new strategic team members like Tara Rider as Head of Policy and Government Relations and Anthony Forino as Vice President of Compliance. With Rider’s expertise in public policy and Forino’s proficiency in compliance and risk management, we reaffirm our dedication to fostering economic inclusivity and ethical practices.

Brigit’s journey towards redefining financial inclusion is ongoing. As the company remains steadfast in its mission to empower everyday Americans, individuals are encouraged to explore the transformative potential of Brigit’s suite of financial products.

We’re proud to have reached these milestones in service of our members and we’re just getting started.

Our team is growing! If you’re interested in applying, go to hellobrigit.com/careers

* Impact to score may vary. Some users’ scores may not improve. Results will depend on many factors, including on-time payment history, the status of non-Brigit accounts, and financial history. Results show that customers with a starting credit score of 600 or below were more likely to see positive score change results. A Brigit subscription is required. Credit Builder loans are not available in all states.

** Not all members will qualify to access earned wages early; depending on eligibility, advances range from $50 – $250. Subject to Brigit’s approval and policies. Instant Cash is not available in all states.

The Brigit Credit Builder is a service provided by Brigit and its bank partner, Coastal Community Bank, Member FDIC. The Brigit Credit Builder product is separate from the Brigit Instant Cash Advance service. Brigit Credit Builder installment loans are issued by Coastal Community Bank, Member FDIC, subject to approved underwriting practices.