Upbound Group Enters Definitive Agreement to Acquire Brigit, a Leading Financial Health Technology Firm, for up to $460 Million
Upbound Group, Inc. (UPBD)
Company Research
Source: Business Wire
Accelerates Upbound’s strategy to provide technology-driven financial solutions to customers underserved by the traditional financial systemBrings a leading profitable, scalable platform with nearly two million monthly active customers to UpboundExpands customer insights and adds cashflow-based underwriting capabilities with Brigit’s proprietary AI/ML modelsFinancially compelling transaction is expected to be accretive to Adjusted EBITDA by approximately $25 million to $30 million in 2025 and approximately $70 million to $80 million in 20261Further positions Upbound as a growth technology company with addition of significant financial technology talent and strengthened R&D capabilities to accelerate innovation and new product developmentWebcast Investor Call on Friday, December 13, 2024, at 9:00 am (ET) PLANO, Texas--(BUSINESS WIRE)--Upbound Group, Inc. (“Upbound” or the “Company”) (NASDAQ: UPBD), a technology and data-driven leader in accessible and inclusive financial products th
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UPBD
News
- Ashton Kutcher-backed fintech Brigit nears $460 million sale to Upbound, sources say [Yahoo! Finance Canada]Yahoo! Finance Canada
- Upbound Group, Inc. Increases Quarterly Cash Dividend by Over 5% to $0.39 for the First Quarter of 2025Business Wire
- Upbound Group, Inc. (NASDAQ: UPBD) was upgraded by analysts at TD Cowen to a "strong-buy" rating.MarketBeat
- Upbound Group, Inc. Collaborates with Google Cloud to Transform Customer Experience with a Comprehensive AI Roadmap [Yahoo! Finance]Yahoo! Finance
- Upbound Group, Inc. Collaborates with Google Cloud to Transform Customer Experience with a Comprehensive AI RoadmapBusiness Wire
UPBD
Earnings
- 10/31/24 - Beat
UPBD
Sec Filings
- 11/6/24 - Form 4
- 10/24/24 - Form 4
- 10/24/24 - Form 4
- UPBD's page on the SEC website