Consumer Fintech Startup Bright Money Raises $12 Million In Funding From Existing Investors
Amount Raised
$12 Million
Round Type
Funding Round
Description
Bright Money, which allows users to reduce debt, has raised $12 million in an equity funding round led by existing investors Alpha Wave, Hummingbird VC and Peak XV Partners. As part of the funding, the consumer fintech startup has also raised $50 million in debt from speciality finance company Encina Lender Finance. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteNorthwestern UniversityKellogg Post Graduate Certificate in Product ManagementVisitIndian School of BusinessISB Product ManagementVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisitIndian School of BusinessISB Professional Certificate in Digital MarketingVisitWith the infusion, Bright Money will look to serve a larger set of millennial audiences, especially in the US. Founded in 2019 by Petko Plachkov, Avi Patchava and Varun Modi, Bright Money offers financial tools that help consumers manage debt and get out of it, by leveraging data science
Who else raised in Data And Analytics and Science And Engineering around the same time
Companies in the same sectors as Bright Money that raised within 45 days of this round, from Fundz verified event records.
- Zephyr AI, Inc. raised $111M on October 27, 2023.
- Cursor raised $8M (Funding Round) on October 11, 2023.
- EdgeCortix raised $20M (Funding Round) on October 4, 2023.
- RIOS raised $1.1M on September 29, 2023.
- Ahura AI raised $2.7M (Seed) on September 22, 2023.
- d-Matrix raised $110M (Series B) on September 6, 2023.
Who to call at Bright Money, and when
A new round usually means Bright Money is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Bright Money raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Bright Money, from your own LinkedIn network
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Related People
Bright Money raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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