Bright Money

Bright Money

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Overview

Bright is an AI-powered app that gives every consumer a path to get debt-free. It helps consumers delete all forms of debt (credit card, student loan, auto loan) and designs tailored credit products powered by Machine Learning. Bright Money uses artificial intelligence and machine learning algorithms to analyze users' financial data. It can provide personalized insights into their spending habits, budgeting, and overall financial health. The company aims to help users achieve financial wellness by providing them with tools and insights to reduce financial stress, build savings, and make informed financial decisions.

About

Industries

Financial Services, Finance, FinTech, Artificial Intelligence (AI), Personal Finance

Founded

2019

Employees

101-250

Headquarters locations

United States, North America

Social

N/A

Profile Resume

Bright Money headquartered in United States, North America, operates in the Financial Services, Finance, FinTech, Artificial Intelligence (AI), Personal Finance sector. The company focuses on Financial Services and has secured $9.3B in funding across 100 round(s). With a team of 101-250 employees, Bright Money is actively contributing to advancements in Financial Services. Their latest funding round, Debt Financing - Bright Money, raised $50.0M. Discover more about their projects, partnerships, and impact on our platform.

Employees

imagePlace Avi Patchava

Avi Patchava

CEO (joint), Co-founder

imagePlace Petko Plachkov

Petko Plachkov

Co-Founder/CEO

imagePlace Eshan Mathur

Eshan Mathur

Senior Product Manager

imagePlace Alexander Seyfert

Alexander Seyfert

Co-Founder & CPO

imagePlace Varun Modi

Varun Modi

Co-Founder & CTO

imagePlace Avinash Ramakanth

Avinash Ramakanth

Co-Founder and Head of Engineering

Funding Rounds

Funding rounds

5

Investors

1

Lead Investors

0

Total Funding Amount

$93.0M

Details

3

Bright Money has raised a total of $93.0M in funding over 3 rounds.

Announcement dateTransaction nameNumber of InvestorsMoney raisedLead Investor
2021Early Stage Venture31.0M
2022Early Stage Venture
2023Early Stage Venture12.0M

Investors

Bright Money is funded by 21 investors.

Investor NameLead InvestorFunding RoundPartners
Bright Money-FUNDING ROUND - Bright Money12.0M
Alpha Wave Global-FUNDING ROUND - Alpha Wave Global12.0M
Bright Money-FUNDING ROUND - Bright Money50.0M
Encina Lender Finance-FUNDING ROUND - Encina Lender Finance50.0M

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