Users of Fintech App Brigit to Get $18M in Refunds

The fintech app falsely promised cash-strapped users instant cash advances and locked them into monthly memberships that they couldn't cancel, the FTC charges.

Bank symbol in a cloud symbol as someone does an online transaction on a smartphone.
(Image credit: Sarayut Thaneerat, Getty Images)

Fintech app firm Brigit has agreed to pay $18 million in refunds to customers who used its cash advance and credit building services that were falsely advertised, according to the Federal Trade Commission (FTC).

The company, which boasts more than 4 million users and is also known as "Bridge It, Inc.," agreed to the refund in a settlement with the agency but told Kiplinger that it vehemently denies the allegations.

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Jamie Feldman

Jamie Feldman is a journalist, essayist and content creator. After building a byline as a lifestyle editor for HuffPost, her articles and editorials have since appeared in Cosmopolitan, Betches, Nylon, Bustle, Parade, and Well+Good. Her journey out of credit card debt, which she chronicles on TikTok, has amassed a loyal social media following. Her story has been featured in Fortune, Business Insider and on The Today Show, NBC Nightly News, CBS News, and NPR. She is currently producing a podcast on the same topic and living in Brooklyn, New York.