About Bright
Bright is a Financial Services company based in San Francisco (United States) founded in 2019 by Varun Modi. Bright is focused on debt management and credit building. It operates on a FinTech and Subscription Services model. Bright has raised $43 million across 5 funding rounds from investors including Peak XV Partners, FJ Labs and Encina Capital Partners. The company has 161 employees. Its website brightmoney.co draws about 118 thousand monthly visits. Its Indian entity Bright Money Technology Private Limited reported revenue of ₹57.75 Cr. Bright offers products and services including Bright Builder, Bright Credit, and Personal Loans. Its focus areas include FinTech and Personal Finance. Its competitors include Debitize, Debx and MasonPay; 2 of its 3 listed competitors have raised funding.
Company details
Bright is engaged in providing financial technology solutions for debt management and credit building. Services are offered in the personal finance sector, including credit lines, personal loans through partners, and tools for payment history improvement. Custom money plans and automated fund movements are provided to help users achieve financial goals. Security of user data is prioritized with bank-level encryption.
- Headquarters San Francisco, United States
- Employees 161
- Founders Varun Modi
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website brightmoney.co
- Social LinkedIn X Facebook Instagram
- Legal Name Bright Capital Inc.
- Date of Incorporation 06 Aug, 2019
- Jurisdiction Bangalore, Karnataka, India
- Indian entity revenue₹57.75 Cr
FY 2025 · +14% YoY
- Indian entity net profit₹6.26 Cr
FY 2025 · 11% margin
- Indian entity EBITDA₹9.06 Cr
FY 2025 · 16% margin
- Total Equity Funding$43M (USD)
in 5 rounds
- Latest Funding Round$50M (USD), Debt – Conventional
Sep 2023
- InvestorsPeak XV Partners
& 12 more
- Employee Count161
Associated legal entities of Bright
Bright operates through Bright Money Technology Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Bright Money Technology Private Limited CIN U72900KA2019FTC126843 | Active | 06 Aug 2019 | Bangalore, Karnataka | ₹57.8 Cr | 161 | 3 | View details |
Products & Services of Bright
Bright offers a comprehensive portfolio of products and services, including Bright Builder, Bright Credit, and Personal Loans.
Credit history is built with on-time payments.
Credit line is offered for debt repayment.
Personal loans are provided through network partners.
Apps and channels of Bright
Bright publishes 1 mobile app with over 1M+ downloads.
Funding Insights of Bright
Bright has successfully raised a total of $43M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $50 million completed in September 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $43M
- Total Rounds 5
- Last Round Debt – Conventional — $50M
- Investors Count 13
All 5 funding rounds of Bright with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2023 | $12M | Series B | – | Alpha Wave Global, Hummingbird Ventures | – |
| Sep 2023 | $50M | Debt – Conventional | – | – | |
| Jun 2022 | Series A | – | – | ||
| Sep 2021 | $31M | Series A | – | Hummingbird Ventures, Alpha Wave Global | |
| Jun 2019 | Seed | – | Surge | – |
13 investors in total: 6 institutional and 7 angel.
Investors in Bright
Bright has secured backing from 13 investors, including venture fund and angel investors. Prominent investors backing the company include Peak XV Partners, FJ Labs and Encina Capital Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on growth-stage companies | alphawaveglobal.com | New York, United States | ||
Investments in early-stage startups are focused on by Hummingbird Ventures. | hummingbird.vc | London, United Kingdom | ||
Venture capital firm investing in startups and providing support programs. | 2000 | peakxv.com | Bengaluru, India | |
| 2014 | encinacapital.com | Chicago, United States | ||
Venture capital firm focused on marketplaces, gaming, web3, fintech, and multiple sectors | 2007 | fjlabs.com | New York, United States | |
Acceleration is provided to startups across multiple sectors by Surge. | surgeahead.com | |||
RS Ram Shriram | Early Google investor, founder of Sherpalo Ventures, influential tech angel | unknown_5f808598b04f4928a | ||
NT Naveen Tewari | Founder & CEO of InMobi, prominent angel investor in Indian startups | unknown_f9e9a4676d6846539 | ||
KS Kunal Shah | Founder of CRED, serial entrepreneur, and prominent Indian angel investor | unknown_883be553d8b14ff79 | ||
JG Jitendra Gupta | Founder of Jupiter, ex-Citrus Pay, prominent fintech angel investor | unknown_7ccfb78bb5eb4dbaa |
Investor details for Bright
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Bright Money Technology Private Limited (Bright)
Bright Money Technology Private Limited is the primary company behind Bright. The board of Bright Money Technology Private Limited currently have 3 directors; the longest-serving is Avinash Patchava, appointed in 2019. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Avinash Patchava DIN 08530962 | Director | 06 Aug 2019 | 7 yrs 3 mo | Bright Money Technology Private Limited |
| Varun Kumar Modi DIN 09006332 | Director | 23 Dec 2020 | 5 yrs 10 mo | Bright Money Technology Private Limited |
| Avinash Ramakanth Sarvadevabhatla DIN 09537471 | Director | 16 Mar 2022 | 4 yrs 7 mo | Bright Money Technology Private Limited |
People of Bright
33 people are tracked at Bright (11 in leadership, 22 in team); the tracked headcount is 161.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CTO | Leadership | |
Devang Bacharwar | Director - Growth & Engineering | Leadership |
| Head Of Growth | Leadership | |
Balkrishna Jeph | Head of Machine Learning | Leadership |
Achyuta Angadi | Director & Head Of Human Potential | Leadership |
Mahadevaprasad K R | Head of Finance | Leadership |
Ujwalendu Prakash | Director of Engineering | Leadership |
Avi Patchava | CEO (joint), Co-founder | Leadership |
Roushan Kumar | VP Of Engineering | Leadership |
Kartik Tyagi | Director - Strategic Business | Leadership |
Swetank Sinha | Art Director | Leadership |
Joe . | Senior Design Manager | Team |
Charu Haasan | Senior Product Designer | Team |
Soumitra Shukla | SDE - II / Data Engineer | Team |
Shakti Singh Khangarot | Senior Growth Marketing Manager | Team |
Akhil Jasrotia | Product Manager | Team |
Madhu K B | Senior Finance Manager | Team |
Raghava Sowrya Vishwanadhuni | Senior Performance Marketing Manager | Team |
Ishita Mehrotra | Associate Product Manager | Team |
Sumedh Shekhar | Principal Engineer 2 | Team |
13 more people are available in the full profile.
Complete people profiles for Bright
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Bright
Figures of Bright Money Technology Private Limited, the primary company behind Bright, for FY 2025. Revenue was ₹57.75 Cr (+14% year on year). Net profit was ₹6.26 Cr (11% margin). EBITDA was ₹9.06 Cr (16% margin). Revenue has grown at a compounded annual rate of +17% over three years and +78% over five years.
- ₹57.75 CrRevenue · FY 2025 · +14% YoY
- ₹6.26 CrNet profit · 11% margin
- ₹9.06 CrEBITDA · 16% margin
- ₹10,000Paid-up capital
- 161Employees (provident fund records)
- +17%Revenue CAGR, 3 years
- +78%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Bright Money Technology Private Limited are on its company page.
Detailed financial statements for Bright
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Bright
3 dated milestones of Bright across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Bright is founded.
- Funding First funding round.
- Funding Latest funding round, Debt – Conventional, of $50.0M.
Competitors of Bright
Bright has 3 listed competitors in our database, 2 of them funded. They include Debitize, Debx and MasonPay.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| debitize.com | 2014 | New York, United States | $100,000 | Credit Card Debt Management | ||
| debx.co | 2016 | Bethesda, United States | $1.05M | Provides a comprehensive solution for managing credit cards effectively. | ||
| masonpay.io | 2017 | Los Angeles, United States | Operates an app-based mobile wallet for secure payments. |
Detailed competitors of Bright
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Bright
The website of Bright (brightmoney.co) receives about 117.6K visits a month.
- Monthly visits117.6K
▼ 17.2% vs previous month
Websites whose visitors overlap most with Bright. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| varomoney.com | 100% | 1.3M | #33,296 | View details | |
thecollegeinvestor.com | thecollegeinvestor.com | 98% | #170,481 | – | |
| splashfinancial.com | 95% | 118K | #233,627 | View details | |
| figure.com | 92% | 822.7K | #64,966 | View details | |
maximizingmoney.com | maximizingmoney.com | 89% | #1,108,507 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Bright
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Bright (Payments & Remittance Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | 16,622 | ||
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | 6,209 |
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Related news about Bright
Complete news archive for Bright
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Frequently Asked Questions about Bright
Bright was founded in 2019.
Bright is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Bright is a funded company, having raised a total of $43M across 5 funding rounds to date.
Bright has 161 employees.
The primary company behind Bright, Bright Money Technology Private Limited, reported revenue of ₹57.75 Cr for FY 2025, up 14% year on year.
Bright is engaged in providing financial technology solutions for debt management and credit building. Services are offered in the personal finance sector, including credit lines, personal loans through partners, and tools for payment history improvement. Custom money plans and automated fund movements are provided to help users achieve financial goals. Security of user data is prioritized with bank-level encryption.
Bright offers Bright Builder, Bright Credit, and Personal Loans.
Bright has 13 investors. Key investors include Peak XV Partners, FJ Labs, Encina Capital Partners, Alpha Wave Global, and Hummingbird Ventures.
Bright operates through Bright Money Technology Private Limited.
The legal entities of Bright currently have 3 directors, including Varun Kumar Modi, Avinash Patchava, Avinash Ramakanth Sarvadevabhatla.
Yes. Bright publishes Bright Money - AI Debt Manager, with over 1 million downloads.