Bright Money Announces Public Launch With 31 Million In Funding

Bonisiwe Shabane
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bright money announces public launch with 31 million in funding

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Rebuild your credit history with rent payments Multiple loan offers from partners in minutes 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 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... Debt-Busting Tech Startup Bright Money Announces Public Launch, With $31 Million in Funding After 2 years in development, Bright Money’s MoneyScience™ technology will be accessible to all Americans thanks to this new capital SAN FRANCISCO--(BUSINESS WIRE)--Bright Money, an artificial intelligence (AI) finance platform powered by its unique MoneyScience™ algorithm, has secured $31 million in funding from Sequoia Capital India, Falcon Edge Capital and Hummingbird Ventures, alongside investments...

Bright Money helps Americans take control of their debt and start building real wealth through customized AI-driven financial planning. With its algorithm, Bright Money does all the data-crunching math and financial planning for each user. Bright Money uses thousands of data points from a user’s financial life to build the best possible path to financial well-being, while fitting into the user’s daily money activities. It works to outsmart banks and credit companies, so each Bright Money user always benefits from the best decisions for their money. The Bright Money platform is built for real financial needs that matter most to Americans, helping them get ahead and achieve their dreams. It focuses on getting people out of debt, improving their credit scores and growing savings to build real wealth.

On average, users pay down more than $2,200 in credit card debt each year by utilizing the platform, saving $750 in fees and interest charges, and increasing their credit scores by 30-100 points.

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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 See the top gainers, losers, invest and get updated what's happening in the crypto market Discover the secret world of unlisted shares — a...

The Fintech, Which Also Has Presence In Bengaluru, Was Founded

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 f...