Ai Driven Fintech Startup Bright Money Gets Usd 31 Million From Sequoi

Bonisiwe Shabane

-Dec 28, 2025, 5:42 AM

ai driven fintech startup bright money gets usd 31 million from sequoi

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startupcity encourages successful startups to share their success stories and get featured in our My Startup Journey section. startupcity empowers and inspires young entrepreneurs by delivering useful and original content to its readers. startupcity wants to hear about the latest and greatest startup stories that will motivate, and inspire aspiring entrepreneurs.startupcity welcomes your stories! See the top gainers, losers, invest and get updated what's happening in the crypto market Discover the secret world of unlisted shares — analyse India's top pre-IPO companies and invest before they hit the markets San Francisco-headquartered artificial intelligence (AI) personal finance platform Bright Money said on September 16 that it has raised $31 million led by Sequoia Capital, Falcon Edge Capital and Hummingbird Ventures in its Series A...

The fintech, which also has presence in Bengaluru, was founded in 2019 by Avi Patchava, former InMobi executive Varun Modi, and ex-McKinsey executive Petko Plachkov. Bright Money focuses on individualized wealth planning and building and debt management for over 30,000 customers in the US using its trademarked MoneyScience algorithm. With 150 employees currently, the company said it will use the funding to double its team ahead of a public launch and will also expand its product in the Indian and South East Asian... Policy Push Powers Ola Electric’s Manufacturing Ambitions Ola Electric Mobility Ltd. has received a significant boost from the Centre, with the Ministry of Heavy Industries sanctioning ₹366.78 crore... India’s startup funding momentum cooled sharply in the week ending December 27, with 11 startups raising a total of $95.54 million, a steep 74% decline compared to the...

Foldable iPhone Leak of Apple Causes New Row as Video Maker Ignores Legal Warning. YouTuber extraordinaire, Jon Prosser, has struck again. Apple filed a lawsuit against him in... (Catch all the Technology News News, and Latest News Updates on The Economic Times.) In the dynamic and ever-evolving landscape of sports entertainment, Apple... Bright Money, a San Francisco, Calif-based artificial intelligence (AI) finance platform powered by its unique MoneyScience™ algorithm, secured $31 million in Series A round.

The round was led by Sequoia Capital India, Falcon Edge Capital, and Hummingbird Ventures. Alongside investments from prominent angel investors including Ram Shriram (Alphabet board member and founder of Sherpalo Ventures). The Series A funding will allow Bright Money to take its platform to the next level, by providing users with a transformative journey. Company: Bright Money Independent Pvt Ltd Lead Investors: Sequoia Capital India, Falcon Edge Capital, and Hummingbird Ventures Bengaluru and San Francisco-based consumer fintech startup Bright Money has one mission: to revolutionize global credit banking using the mighty combo of big data and AI.

Armed with a recently raised $62 million in Series B, the artificial intelligence-enabled personal finance platform wants to aggressively expand its reach. The funding comprises a $50 million debt offering from Encina Lender Finance and $12 million in equity led by Alpha Wave, Hummingbird, and Peak XV Partners (formerly Sequoia Ventures). In September 2021, Bright Money raised $31 million in a Series A round led by Peak XV, Hummingbird Ventures, and Falcon Edge Capital. Join 20,000+ subscribers getting the latest business, career, and financial information in the technology industry across emerging markets globally. Delivered to your inbox, every week(end). Unsubscribe anytime.

Ai Driven Fintech Startup Bright Money Gets Usd 31 Million From Sequoi

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The Round Was Led By Sequoia Capital India, Falcon Edge