Bright Money Overview
- Year Founded
-
2019
- Status
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Private
- Employees
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180
- Latest Deal Type
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Early Stage VC
- Latest Deal Amount
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$62M
- Investors
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23
Bright Money General Information
Description
Developer of an artificial intelligence-driven personal finance application designed to help consumers reduce debt and build credit history. The company offers a platform that provides secured lines of credit with payments reported to major credit bureaus, customized debt pay-off and budgeting plans, automated savings through purchase round-ups, credit history rebuilding through rent payment reporting, credit card balance consolidation through revolving credit lines, and access to personal loan offers through a network of lending partners, enabling individuals with limited or poor credit history to improve their credit scores, manage debt more effectively, and achieve long-term financial stability.
Contact Information
Website
www.brightmoney.coCorporate Office
- 50 California Street
- Suite 1621
- San Francisco, CA 94111
- United States
Corporate Office
- 50 California Street
- Suite 1621
- San Francisco, CA 94111
- United States
Bright Money Timeline
Bright Money Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 7. Early Stage VC | 27-Sep-2023 | $62M | Completed | Generating Revenue | ||
| 6. Early Stage VC (Series A2) | 01-Dec-2022 | Completed | Generating Revenue | |||
| 5. Secondary Transaction - Private | 30-May-2022 | Completed | Generating Revenue | |||
| 4. Early Stage VC (Series A1) | 16-Sep-2021 | Completed | Generating Revenue | |||
| 3. Early Stage VC (Series A) | 13-Nov-2019 | Completed | Generating Revenue | |||
| 2. Seed Round | 20-Jun-2019 | $3M | $4.5M | Completed | Generating Revenue | |
| 1. Accelerator/Incubator | 16-May-2019 | $1.5M | $1.5M | Completed | Startup |
Bright Money Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate ($) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series A-2 | ||||||||
| Series A-1 | ||||||||
| Series A | 5,159,669 | $0.000100 | $0.11 | $1.38 | $1.38 | 1x | $1.38 | 15.46% |
| Seed | 3,354,056 | $0.000100 | $0.07 | $0.89 | $0.89 | 1x | $0.89 | 10.05% |
VC Exit Predictor
See how our proprietary methodology utilizes historical data sets to synthesize the likelihood of an acquisition, IPO, or no exit event. Get a detailed look at the calculations behind our predictions.
Opportunity Score
Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.
Exit Type
Evaluates the likelihood of a successful exit for investors, and the most likely exit type.
Bright Money Comparisons
Industry
Financing
Details
Bright Money Competitors (20)
One of Bright Money’s 20 competitors is Upward (Seattle), a Venture Capital-Backed company based in Seattle, WA.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Upward (Seattle) | Venture Capital-Backed | Seattle, WA | ||||
| MONi | Venture Capital-Backed | La Plata, Argentina | ||||
| Moneyhub | Venture Capital-Backed | Bristol, United Kingdom | ||||
| Retiree Income | Corporate Backed or Acquired | Leawood, KS | ||||
| Kyriba | Private Equity-Backed | San Diego, CA |
Bright Money Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
Bright Money Patents
Bright Money Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-20220261886-A1 | Debt management | Inactive | 16-Feb-2021 |
Bright Money Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Bright Money Investors (23)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| AdFirst | Venture Capital | Minority | ||
| Encina Capital Partners | Lender/Debt Provider | |||
| Felicis | Venture Capital | Minority | ||
| Gaingels | Venture Capital | Minority | ||
| Greenlights Capital | PE/Buyout | Minority |
Bright Money FAQs
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When was Bright Money founded?
Bright Money was founded in 2019.
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Where is Bright Money headquartered?
Bright Money is headquartered in San Francisco, CA.
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What is the size of Bright Money?
Bright Money has 180 total employees.
-
What industry is Bright Money in?
Bright Money’s primary industry is Financial Software.
-
Is Bright Money a private or public company?
Bright Money is a Private company.
-
What is Bright Money’s current revenue?
The current revenue for Bright Money is .
-
How much funding has Bright Money raised over time?
Bright Money has raised $123M.
-
Who are Bright Money’s investors?
AdFirst, Encina Capital Partners, Felicis, Gaingels, and Greenlights Capital are 5 of 23 investors who have invested in Bright Money.
-
Who are Bright Money’s competitors?
Upward (Seattle), MONi, Moneyhub, Retiree Income, and Kyriba are some of the 20 competitors of Bright Money.
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