Bright Money

Fintech · Bengaluru, IN

AI-driven consumer fintech helping US customers manage debt and credit

Founders

Petko Plachkov (Bulgaria · ♂) — Raised in Bulgaria and Swaziland before studying at Princeton, he built digital banking products at McKinsey, where he met Avi Patchava and co-founded Bright Money in 2019 to help Americans manage debt with AI.
Avi Patchava (United Kingdom · ♂) — An Oxford-trained data scientist with a decade applying algorithms to consumer problems at McKinsey and InMobi, he co-founded Bright Money in 2019 to power its MoneyScience debt-and-wealth algorithm.

Shares the most investors with (number = shared investors):

Date	Round	Amount
Sep 2023	Funding round Consumer fintech Bright Money raised $62M ($50M debt + $12M equity) led by Alpha Wave, Hummingbird and Peak XV.	$62M
Sep 2021	Series A Fintech Bright Money raised $31M from Sequoia Capital India, Falcon Edge Capital and Hummingbird Ventures as it exited stealth.	$31M

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