# Bright Money

> Bright Money is a San Francisco-based fintech building an AI-led financial wellness app that helps Americans pay down credit-card debt, build credit, and grow savings. Its MoneyScience engine analyzes income, spending and APRs to automate payoff strategies and round-ups for users carrying high-interest debt.

- **Founded:** 2019
- **Headquarters:** San Francisco, United States
- **Founders:** Petko Plachkov (Co-Founder & Co-CEO), Avi Patchava (Co-Founder & Co-CEO), Varun Modi (Co-Founder), Alex Seyfert (Co-Founder)
- **Team size:** ~200
- **Products:** Bright Plan, Bright Builder, Smart Round-Ups, Personal Loans, Cash Advance
- **Notable:** Raised over $81M in combined equity and debt funding, Average user reduces $440 in credit-card debt in 90 days, Estimated $750/year interest savings per user

## Products & services

- **Bright Plan** — Personalized AI-built debt payoff plan that analyzes balances, APRs and income to schedule smart payments.
- **Bright Builder** — Credit-builder loan and rent-reporting product designed to increase credit scores over time.
- **Smart Round-Ups** — Automated round-ups on transactions, redirected toward credit-card paydown.
- **Personal Loans** — Loan marketplace that surfaces refinance offers to consolidate high-APR credit-card debt.
- **Cash Advance** — Short-term advance feature for covering gaps without payday-style fees.

## Achievements

- Raised over $81M in combined equity and debt funding
- Average user reduces $440 in credit-card debt in 90 days
- Estimated $750/year interest savings per user
- Recognized in fintech press for AI-driven debt payoff approach

## Latest updates

- **2023-09** — Closed $62M Series B (equity + debt) led by Alpha Wave with Encina providing the debt facility.
- **2021-09** — Public launch announced alongside $31M Series A from Sequoia and Falcon Edge.

## Links

- Website: https://brightmoney.co
- LinkedIn: https://www.linkedin.com/company/bright-money
- Twitter/X: https://twitter.com/BrightMoneyCo
- YouTube: https://www.youtube.com/@BrightMoney
- Instagram: https://www.instagram.com/brightmoney.co/
- Facebook: https://www.facebook.com/BrightMoneyApp/

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Profile page: https://yespress.io/bright-money
Published by YesPress — https://yespress.io
Last updated: 2026-05-29