Bright Money
Bright Money (Bright Capital Inc, dba Bright) is an AI-driven consumer fintech platform, dual-headquartered in San Francisco and Bengaluru, that helps indebted Americans pay down credit card debt, build credit history, and access lower-cost credit through products like Bright Builder, Bright Plan, Smart Round-Ups, Rent Reporting, Personal Loans and Cash Advance.
Bright Money: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 27 Sep 2023 | Debt | $50 Mn debt | Encina Lender Finance | source |
| 27 Sep 2023 | Series B | $12 Mn equity | Alpha Wave Hummingbird Ventures Sequoia Capital India | source |
| 17 Sep 2021 | Series A | $31 Mn | Falcon Edge Capital Hummingbird Ventures Sequoia Capital India Abhay Singhal Jitendra Gupta Kunal Shah Naveen Tewari Pradeep Parameswaran Ram Shriram | source |
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Who founded Bright Money?
Bright Money was founded by Avi Patchava, Petko Plachkov, Varun Modi, Avinash Ramakath, Amit Bendale, Alex Seyfert in 2019.
How much funding has Bright Money raised?
Bright Money has raised $93 Mn across 3 tracked funding round(s), most recently on 2023-09-27. Figures are compiled from cited public sources.
Who are the investors in Bright Money?
Investors in Bright Money include Encina Lender Finance, Alpha Wave, Hummingbird Ventures, Sequoia Capital India, Falcon Edge Capital, Abhay Singhal, Jitendra Gupta, Kunal Shah.
What does Bright Money do?
Bright Money (Bright Capital Inc, dba Bright) is an AI-driven consumer fintech platform, dual-headquartered in San Francisco and Bengaluru, that helps indebted Americans pay down credit card debt, build credit history, and access lower-cost credit through products like Bright Builder, Bright Plan, Smart Round-Ups, Rent…
Where is Bright Money headquartered?
Bright Money is headquartered in Bengaluru, Karnataka, India.
What is Bright Money's business model?
Bright Money's core value proposition centers on Debt management technology, Bright Builder, Bright Plan, Smart Round-Ups.
How does Bright Money make money?
Bright Money's cited revenue streams include Premium Membership subscription.