About Bright
Bright is a company based in San Francisco (United States) founded in 2019 by Varun Modi. It operates as a FinTech and Subscription Services. 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 as of April 09, 2024. Bright offers products and services including Bright Builder, Bright Credit, and Personal Loans. Bright operates in a competitive market with competitors including Debitize, Debx, MasonPay, Plurimos and VCCWAVE, among others.
- Headquarter San Francisco, United States
- Employees 161 as on 09 Apr, 2024
- Founders Varun Modi
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Bright Capital Inc.
- Date of Incorporation 06 Aug, 2019
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$5.3 M (USD)22.72as on Mar 31, 2023
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Net Profit
$571.24 K (USD)28.47as on Mar 31, 2023
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EBITDA
$1.21 M (USD)43.12as on Mar 31, 2023
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Total Equity Funding
$43 M (USD)
in 5 rounds
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Latest Funding Round
$50 M (USD), Debt – Conventional
Sep 27, 2023
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Investors
Peak XV Partners
& 12 more
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Employee Count
161
as on Apr 09, 2024
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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.
People of Bright
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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.
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.
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Venture capital firm focused on growth-stage companies
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Investments in early-stage startups are focused on by Hummingbird Ventures.
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Venture capital firm investing in startups and providing support programs.
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Investor details for Bright
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Investments & Acquisitions by Bright
Investment portfolio details for Bright
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- Transaction dates
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Financial Statements - Bright
Detailed financials for Bright
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Bright Comparisons
Peer comparison for Bright
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Competitors of Bright
Bright operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Debitize, Debx, MasonPay, Plurimos and VCCWAVE, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Credit Card Debt Management
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Provides a comprehensive solution for managing credit cards effectively.
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Operates an app-based mobile wallet for secure payments.
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Offers an app-based platform for managing credit card payments.
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Offers virtual credit cards for secure online shopping and subscription management.
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Detailed competitors of Bright
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Latest news on 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.
As of Apr 09, 2024, the latest employee count at Bright is 161.
Annual revenue of Bright is $5.3M as on Mar 31, 2023.
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.