When was Bright founded?

Bright was founded in 2019 and raised its 1st funding round within a year of its incorporation.

Where is Bright located?

Bright is headquartered in San Francisco, United States. It is registered at San Francisco, California.

Which legal entities is Bright associated with?

Bright is associated with BRIGHT CAPITAL INC and 2 others.

How many employees does Bright have?

As of Mar 31, 2026, the latest employee count at Bright is 314.

Is Bright a funded company?

Bright is a funded company, having raised a total of $43M across 5 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2019.

How much is Bright worth?

The latest valuation of Bright is $***** as of Jul 11, 2022.

When was the latest funding round of Bright?

Bright's latest funding was a $***** Series B round on Sep 27, 2023, with participation from 3 investors.

Where does Bright rank among its competitors?

Bright ranks 1st amongst 61 active competitors, of which 11 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Grad Joy, which secured $37.4M in May, 2024.

Who are the top competitors of Bright?

Bright's top competitors include EarnUp, Charlie and Freedom Financial Network. Among them, Grad Joy secured the most recent funding round in May, 2024.

Bright - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of financial technology solutions for debt reduction and credit building. It offers tools and services to help individuals manage debt, improve their credit scores, and access credit products. These solutions include secured lines of credit, personal loan matching services, and payment management systems. The platform utilizes data-driven insights and automated processes to personalize financial plans and support users in achieving their financial goals. The company also provides customer support via email and chat.

Website: www.brightmoney.co/
Social
Email ID: *****@brightmoney.co
Registered Address: San Francisco, California

Key Metrics

Founded Year

2019

Location

San Francisco, United States

Stage

Series B

Total Funding

$43M in 5 rounds

Latest Funding Round

Series B, Sep 27, 2023, $*****

Post Money Valuation

$***** as on Jul 11, 2022

Investors

Hummingbird Ventures & 15 more

Ranked

1^st among 61 active competitors

Employee Count

314 as on Mar 31, 2026

Similar Companies

EarnUp & 159 more

View Bright's full profile

Bright is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
BRIGHT CAPITAL INC CIN: 834177889 , United States, Active	Mar 24, 2019	-	1 (As on Dec 31, 2024)	-
BRIGHT MONEY TECHNOLOGY PRIVATE LIMITED CIN: U72900KA2019FTC126843 , India, Active	Aug 06, 2019	$6.83M (As on Mar 31, 2025)	155 (As on Aug 01, 2025)
BRIGHT CAPITAL, INC. CIN: 32088654184 , United States, Active	Mar 01, 2023	-	-	-

Bright has raised a total funding of $43M over 5 rounds. Its first funding round was on 2019. Its latest funding round was a Series B round on Sep 27, 2023 for $*****. 3 investors participated in its latest round. Bright has 9 institutional investors and 7 angel investors.

Here is the list of recent funding rounds of Bright:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 27, 2023	5437932	Series B	2426242	1310728	8248754	9128720
Sep 27, 2023	5624159	Venture Debt	4285048	6143552	8593225	Encina Capital Partners
2022	4259	Series A	4155	6182	6608	FJ Labs

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View details of Bright's funding rounds and investors

The founders of Bright are Petko Plachkov, Avi Patchava and Varun Modi.

Here are the details of Bright's key team members:

Petko Plachkov: Co-Founder & CEO of Bright and founder of 1 other company.
Contact Info: 2 email addresses
Avi Patchava: Co-Founder of Bright and founder of 1 other company.
Contact Info: 1 email address
Varun Modi: Co-Founder & CTO of Bright.

View details of Bright's Founder profiles and Board Members

Bright's employee count trend

Bright has 314 employees as of Mar 26. Here is Bright's employee count trend over the years:

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Top competitors of Bright include EarnUp, Charlie and Freedom Financial Network. Here is the list of Top 10 competitors of Bright, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Bright 2019, San Francisco (United States), Series B	Provider of financial technology solutions for debt reduction and credit building	$43M	Hummingbird Ventures, Alpha Wave Global & 14 others	63/100
2nd	EarnUp 2014, San Francisco (United States), Acquired	Online debt repayment platform for consumers	$59.2M	Financial Solutions Lab, KeyBank & 15 others	57/100
3rd	Charlie 2016, San Francisco (United States), Acquired	Provider of a personal finance application that managed debt repayment	$9M	Peterson Partners, Uncork Capital & 2 others	51/100
4th	Freedom Financial Network 2002, San Mateo (United States), Series D	Provider of debt consolidation and relief solutions	$235M	Stone Point Capital, Vulcan Capital & 3 others	49/100
5th	Student Loan Hero 2012, New York City (United States), Acquired	Online platform for Student debt tools, calculators, and repayment plans	$65K	EvoNexus, Expansion Venture Capital	49/100
6th	Pillar 2018, New York City (United States), Acquired	Loan management app	$5.5M	Kleiner Perkins, Day One Ventures & 14 others	43/100
7th	Payitoff 2017, New York City (United States), Acquired	API-enabled student loan repayment solutions for lenders	$11M	Lightspeed Venture Partners, Sound Ventures ... & 3 others	42/100
8th	Scratch 2015, San Francisco (United States), Series A	Online platform to manage and pay off debts	$17.2M	Financial Solutions Lab, JPMorgan Chase & 7 others	42/100
9th	Grad Joy 2019, Austin (United States), Series B	Debt management platform	$37.5M	Y Combinator, Cameron Ventures	41/100
10th	Harvest 2017, New York City (United States), Acquired	Overdraft banking fees management	-	Barclays, Restive & 2 others	40/100