Fintech Startup Bright Money Secured 31 Million In A Funding Round

Bonisiwe Shabane

-Dec 28, 2025, 7:37 AM

fintech startup bright money secured 31 million in a funding round

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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. 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... 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. Please check your junk email folder, if it doesn't arrive in your inbox. 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 Bright Money, a consumer fintech startup with offices in Bengaluru and San Francisco, has raised $62 million in what appears to be a Series B round of funding. The funding is made up of $12 million in equity led by Alpha Wave, Hummingbird, and Peak XV Partners and $50 million in debt from Encina Lender Finance.

In the US and Canada, Encina Lender Finance offers lending solutions to consumer and business specialty finance companies. A $31 million Series A round for Bright Money was led by Peak XV, Falcon Edge Capital, and Hummingbird Ventures in September 2021. According to a press release from the company, the new funding will allow Bright Money to aggressively target millennials, particularly in the US. Four-year-old Bright Money offers products like credit score improvement, automated debt repayment plans, financial planning software, budgeting tools, and refinancing loans to assist consumers in getting out of debt. It deals in student, auto, and credit card loans. With the help of big data and AI, the company hopes to transform how international retail banks run.

More than 180 people work for it currently, with the majority of the core product, tech, data, marketing, and service teams all based in India. The round also saw participation from Falcon Edge Capital and Hummingbird Ventures and angel investors including InMobi’s Naveen Tewari and Abhay, CRED’s Kunal Shah, Jupiter’s Jitendra Gupta, Zalora’s Gunjan Soni, Uber’s Pradeep Parameswaran and... Bright Money’s team is spread across Bengaluru, San Francisco and London and the funds will be utilised to expand its teams and product suite across markets The wealth management startup was in stealth mode for 2 years where it served over 30,000 clients across 1000+ data points per user With existing and upcoming fintech players foraying into the financial advisory and wealth management space, Bengaluru and San-Francisco-based wealth management startup Bright Money, which provides its proprietary artificial intelligence (AI) algorithm, has come out... The round also saw participation from angel investors including InMobi’s Naveen Tewari and Abhay, CRED’s Kunal Shah, Jupiter’s Jitendra Gupta, Zalora’s Gunjan Soni, Uber’s Pradeep Parameswaran and tech investor Ram Shriram.

Fintech Startup Bright Money Secured 31 Million In A Funding Round

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