Bright Money, a Bengaluru and San Francisco-based fintech that helps consumers manage their finances, has raised $62 million in a Series B round. Bright Money specializes in personal lending and credit card solutions within the fintech sector. Its comprehensive suite of offerings includes credit score enhancement, automated debt repayment plans, financial and budget planning tools, and refinancing options, covering a wide range of financial needs, including credit cards, student loans, and car loans. The funding included $50 million in debt from Encina Lender Finance, and $12 million in equity led by Alpha Wave, Hummingbird, and Peak XV Partners. 

Bright Money, an AI-Based Fintech Platform, Raises $62M to Revolutionize Global Credit Banking