# Bright Capital

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bright-capital

- Industry: Financial Services
- Headquarters: San Francisco, US
- Website: www.brightmoney.co
- Total disclosed funding: $43M
- Latest round: Series B (Sep 27, 2023)
- Investors on record: 5

## About

Based in California US, and founded in 2019, Bright Capital Inc., trading under the name of Bright Money, operates as a provider of a financial technology platform that helps users manage their debt and create customized financial plans through artificial intelligence. The company was co-founded by Alexander Seyfert, Petko Plachkov, Avi Patchava, Avinash Ramakanth, Varun Modi, and Amit Bendale. In September 2023, Bright Capital Inc. raised USD 12 million in series B co-led by Peak XV Partners and Alpha Wave Global and Hummingbird Ventures. As of 2023, the company has offices in San Francisco, London, and Bangalore.

Bright Money's platform provides smart payments and automatic credit builders. It also sets monthly savings goals and builds a personalized financial plan. Its artificial intelligence platform MoneyScience uses thousands of data points on each consumer's financial life and 34 algorithms to create customized financial plans for the users. The platform gives users access to all of the helpful tools including The School of MoneyScience™ and provides 24/7 customer support via phone, email, and chat.

The company generates revenue by charging USD 15 per month to its users. 

Bright Money plans to use the September funding to transform the retail banking process and support its technology advancement.

## Funding rounds

- Series B, Sep 27, 2023, $12M — Hummingbird Ventures, Alpha Wave Global, Peak XV Partners
- Series A, Dec 1, 2022 — FJ Labs
- Series A, Sep 16, 2021, $31M — Hong Shan, Hummingbird Ventures, Alpha Wave Global

## Investors

- Hong Shan — Series A
- Hummingbird Ventures (https://capitalatlas.ai/funds/hummingbird-ventures) — Series A, Series B
- Alpha Wave Global (https://capitalatlas.ai/funds/alpha-wave-global) — Series A, Series B
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series A
- Peak XV Partners (https://capitalatlas.ai/funds/peak-xv-partners) — Series B