Bright Money

Bright Money

In 2019 US consumers had over $1 Trillion Dollars in revolving credit card balances, paying over $200B in interest fees each year. Credit cards are great but managing them can be painful for consumers with never-ending anxiety of due dates and fees.

Bright set out to change this, making it easy to control and manage your credit cards using data science and artificial intelligence. Our algorithms automate your savings in a way that is best affordable to you and use those savings to pay down your balances in the most optimal way. With all these clever optimizations, we are able to pay down your balances more efficiently and save you hundreds of dollars in interest fees along the way – money that belongs to you, not to the banks. We manage your credit cards, you take care of the more important things in life.

Our vision is to ultimately automate financial freedom.

About the company

Bright Money is a Consumer FinTech company headquartered in San Francisco. We build digital consumer products that use complex Artificial Intelligence to improve how people make personal financial decisions, with their credit cards, checking accounts and personal savings.

We are a team of 20, mostly in engineering and data science. Our founders are experienced executives from McKinsey, Amazon and Inmobi with prior experience in building FinTech’s and products at scale. We have raised over $10M in venture capital from notable investors such as Sequoia, Falcon Edge and others.

The Bright mission

We want to make a positive impact in people’s lives by automating the way our user manage their credit cards. We abstract all the complicated math away and make sure our users pay their credit cards in the most effective way possible, helping them reduce their balances faster, avoid late fees and save $100s in interest fees each year – all this without lifting a finger.

Mid-term, we plan to extend our technology to other important areas of our user’s financial lives, such as student loans, savings and investments.

Long-term, we strive to become a better, customer-obsessed bank that uses advanced AI to build the world’s first “self-driving” bank account.

Bright values

1. Data-driven: We live and breathe data to make informed decisions
2. Customer-obsession: Great CX is the core of our existence
3. Bias for action: We move fast and never stop learning. We work hard and celebrate our successes.
4. Ownership: We believe in ultra-flat hierarchies. Bright team members are empowered to own projects end to end.
5. Development: We actively work with every team member to accelerate professional development to make them leaders in their field. Every day is a chance to challenge yourself and become better.

Interview process

1. Introductory call with the CPO & Co-founder (15-30 mins)
2. Introductory call with the CEO & Co-founder (15-30 mins)
3. Onsite discussion and problem-solving exercise in our San Francisco office (1-2 hours)