Debt-Busting Tech Startup Brilliant Cash Pronounces Public Launch, With $31 Million in Funding

SAN FRANCISCO – () –Light money, an artificial intelligence (AI) financial platform based on its unique MoneyScience ™ algorithm, has secured $ 31 million in funding from Sequoia Capital India, Falcon Edge Capital and Hummingbird Ventures, along with investments from prominent angel investors like Ram Shriram (Alphabet board member and founder of Sherpalo Ventures).

Bright Money is helping Americans take control of their debts and start building real wealth through bespoke AI-powered financial planning. With its algorithm, Bright Money does all of the data processing math and financial planning for each user. Bright Money uses thousands of data points from a user’s financial life to build the best possible path to financial well-being while fitting into the user’s daily money activities. It works to outsmart banks and lending companies so that any Bright Money user can always get the best bang for their buck.

The Bright Money platform is designed for real financial needs that matter most to Americans, helping them move forward and make their dreams come true. It focuses on getting people out of debt, improving their credit scores, and increasing savings to build real wealth. On average, users pay more than $ 2,200 in credit card debt each year by using the platform, saving $ 750 in fees and interest fees, and adding 30-100 points to their creditworthiness.

The platform primarily helps hard-working, middle-income Americans – those between the ages of 25 and 40 who make $ 50,000 to $ 100,000 a year. These Americans have traditionally been underserved by banks and even by the youngest “neo banks”. Unlike existing services and products, Bright Money doesn’t just offer users more credit or a unified product. Bright Money offers highly customized planning that reacts to and adapts to each user’s changing finances while enabling intelligent automated payments that reduce debt and build wealth faster than most Americans can alone.

Bright Money was co-founded by Avi Patchava, an Oxford University graduate data science expert with a decade of experience using algorithms to solve consumer problems. and Petko Plachkov, a financial services veteran and serial entrepreneur who has successfully developed and scaled financial products for millennials for the past decade.

“When we started building Bright in 2019, we wanted to bring a unique system based on data science to help Americans organize their finances and fight their debts,” says Patchava. “The Series A funding we have secured will allow us to take our platform to the next level by giving users a transformative journey with their money to truly improve their financial future. We exist to deliver real results to people – not just another financial product. This is only the tip of the iceberg when it comes to harnessing the power of data science to fuel personal finances. ”

Bright Money has assembled a team of more than 100 money scientists: seasoned data scientists and AI engineers from leading research centers around the world with experience in finance, consumer technology and adtech. They spent two years building the MoneyScienceTM platform (a system of 34 different AI algorithms) from the ground up to provide unique financial planning and insights to consumers. Bright Money’s technology enables hyper-personalized and bespoke financial plans normally only offered to the wealthy through dedicated financial advisors.

“We designed Bright to meet the financial planning needs of middle-class Americans with no hidden costs or fees,” said Plachkov. “Bright is only $ 15 a month – affordable for everyone. How to get Bright’s algorithm for your finances for less than the price of Netflix. Most Americans make a decent living, but they’re poorly served by traditional financial firms and fintechs that offer one-size-fits-all solutions. With more than 30,000 people getting results with the Bright platform in beta, we know we are building a platform for the future of people’s money. ”

“Bright has invested in building a unique technology-enabled solution that will help consumers manage their money and reduce debt,” says Shriram. “The consumer debt and savings business is ripe for innovation to bring real value and simplicity to users looking to improve their financial lives.”

For $ 15 a month, users have access to all of the great Bright Money platform tools, educational resources – The School of MoneyScience ™ – and 24/7 access to customer support via phone, email and chat. Based in San Francisco with offices in London and Bangalore, Bright Money currently has 150 members on the data science and customer service team and is compatible with 14,000 banks in the US. For more information on Bright Money, see brightmoney.co.

About light money

Light money is an artificial intelligence (AI) financial platform powered by its unique MoneyScience ™ algorithm designed to help Americans take control of their debt and start building real wealth. Bright Money’s technology enables all users to access highly customized financial plans – usually only available from financial planners charging thousands of dollars – to help settle credit card debt, build their creditworthiness, and start saving. Bright Money delivers results to its users, with the average customer shedding $ 440 in debt and saving $ 750 a year in interest in the first three months. Bright Money’s patented platform has helped over 30,000 Americans to date and managed hundreds of millions of debts. Bright Money was founded in 2019 by Avi Patchava, a leader in the AI ​​industry. and Petko Plachkov, a serial financial services entrepreneur; and has teams in San Francisco, London and India.

MoneyScienceTM, Bright Money’s patented AI platform, uses thousands of data points on each consumer’s financial life and 34 algorithms to create highly customized financial plans for users. The MoneyScienceTM system was developed from the ground up over two years by leading AI and machine learning experts, combining basic AI technologies from other industries (adtech, entertainment, robotics and industrial automation) with best practices in personal finance. The result is simple, understandable, and impactful plans that are uniquely tailored to each individual – hyper-personalized for each user. Currently, such detailed planning is only available from professional financial planners, who charge thousands of dollars for such a service.

Simple shifts takes darkish Mediterranean room to shiny transitional type

During the pandemic, Beth Walker often worked in the kitchen instead of the home office.

The more she stared at the dark floors, dark wooden cabinets, and the copper hood, the less she liked her.

“At first I thought let’s just get white cabinets everywhere,” said Walker, 43, a legal recruiter at Neuhaus Noblinsaid about her kitchen bathed in a Mediterranean color palette. “We wanted to work with what we had without having to redo the counter and the tiles.”

Your interior designer Yesely Love of Canaima designShe knew she could do a lot more by adding color and texture to a lighter and brighter kitchen in a transitional style.

Instead of doing a complete remodel for the Briarcroft house where the Walkers have lived for three years, they opted for a refresh that kept most of the closets but put in new doors, added new lighting, and painted the closets. Love said that replacing doors while storing cabinet boxes can save a homeowner about 65 percent since cabinets are an expensive part of kitchen remodeling.

It also saves time and means a family doesn’t necessarily have to move out of their home during the remodeling. The project started in mid to late November and the Walkers were able to host a family for Christmas.

The cabinets have got the biggest makeover, with glossy paint in Sherwin-Williams “White Sand” and new Shaker-style doors that replaced older ones with a lot more ornamentation.

The raised edge of the island was torn off so that the surface was entirely on one level. Then they painted it Sherwin-Williams “Stormy Sky”, a blue that is part of today’s kitchen trends.

The whole kitchen originally had granite countertops with a creamy background and beige and brown swirls. Rather than replacing them all, Love encouraged her client to install a 2-inch maple top on the island, a blonde wood tone that matched the colors of the granite and beige back wall, which they also kept.

A lower counter at which Walker, her husband, 47-year-old Raymond, was attorney Walker iron brown, and their two children, 11-year-old Lillian and 7-year-old Graham, can now eat together, prompted the purchase of four bistro-style bar stools by Serena & Lily.

They kept their appliances, sinks, and plumbing, but painted their copper hood the same blue paint and silver trim.

Another trend in kitchen cabinets is to provide upper and lower cabinets with different surfaces. Sometimes designers and their clients opt for different paints or a combination of wood stain and paint, but in this case Love recommended installing grass wallpaper – Windfield Thybonys “chain” Pattern in powder blue, a shimmering chain link pattern on natural fiber – on the front door panels of the wall units.

Door panels on one end in a butler’s pantry and the other on a bar and wine rack are fronted with glass.

Dark pendant lights with light bulbs have been replaced by new LED pendants with wood decor, plus a large pendant light with a woven fiber shade from Shadow of light was placed over the breakfast table.

“All I wanted was a lighter kitchen, all white. Yesely kept showing us ideas and pictures. She said there is so much more you can do and have a unique kitchen that is unique and different, ”said Walker. “I’m so glad she pushed us; I love what we have. “

diane.cowen@chron.com

Copenhagen Vogue Week Avenue Type Presents a Lesson in Vibrant Dressing

After a year and a half of lockdown and pandemic fears, the consensus among the designers for Spring / Summer 2021 was almost unanimous: drive out the darkness and step into the light. To combat the negative feelings of 2020, Bottega Veneta, Jacquemus, Michael Kors, Kim Shui and many more sent color down their catwalks. Happy pink, bright lavender tones and green in all shades – this became something like a fashion phenomenon– could be seen in almost every collection. During this year’s Copenhagen Fashion Week, which started on August 9th, the effects of the bright color trend flooded the streets of the Danish city. Fashion show visitors could see how they put on their jewelry, their accessories or entire looks with splashes of color. But true to Denmark’s focus on functionality, her outfits were combined with structured jackets and sensible footwear (clogs and Birkenstocks included). And of course this time an important holdover from the quarantine era found its way into CFW: lots of comfortable cords. See the rest of the exciting looks to come from Copenhagen here.

Christian Vierig / Getty Images Entertainment / Getty Images

Christian Vierig / Getty Images Entertainment / Getty Images

Two-piece knit sets are one thing we can take away from the pandemic.

Shania Twain’s influence knows no bounds.

A military-influenced green skirt suit is paired with Birkenstock clogs outside of the Samsøe Samsøe show.

Guests seen outside of Samsøe Samsøe in Copenhagen, Denmark on Aug 11, 2021.

Bags were not only colorful, but also in groovy shapes.

A guest is seen in Copenhagen, Denmark, outside of Samsøe Samsøe on Aug 11, 2021.

Helen Mirren finds shiny facet throughout the pandemic | Ap-entertainment

LONDON (AP) – Helen Mirren has found the good side of the pandemic.

To work from home? “Much more convenient,” she said. She bought a ring light for zooms and balanced her laptop on two dictionaries. “I love it … I hope elements of our quarantine lockdown will stay with us.”

She enjoys slow dinners with her husband, director Taylor Hackford. They have lived together in the mountains near Lake Tahoe, California for much of last year.

“It gave me the opportunity to be with my husband in a completely normal way, which was fantastic. It’s actually the first time in all of our 30 years together that we have sat at the table every night and.” had dinner together. Usually we get on planes and fly here, there. So it was fabulous just to be a normal person. “

The 75-year-old British star is a sponsor of the documentary My Beautiful Stutter, which focuses on the work of the New York City-based nonprofit group SAY: The stuttering association for the youth.

The Discovery + film follows five children who have been bullied for the way they speak, and shows how the charity helps them with their confidence. The kids meet others who stutter, and much of the documentary explores their time at Camp SAY.

Mirren was introduced to the charity by friend Kelli O’Hara and has been an attorney and ambassador for the SAY fundraising gala in New York for years.

“I’ve known people who, as we say in England, stammer or stutter, actor friends of mine, who stutter pretty badly outside of the stage and can walk on stage and play Shakespeare absolutely fluently. And I’ve always been pretty surprised, or moved, or affected by it, ”said Mirren.

SAY founder Taro Alexander called the film, directed by Ryan Gielen, a “beautiful representation” of the group’s work.

Mirren has since started acting under the COVID-19 protocols again, but said social distancing and face-covering film productions “just aren’t as fun” as they used to be.

“You have a focus puller, if you met him on the street you wouldn’t recognize him, even though this is someone you worked with every day,” she said. “So this sense of community, I’m really looking forward to getting back into my job.”

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed in any way without permission.

Cornershot: All is calm, all is shiny | Leisure

Right after Christmas there was a CD in my car’s player. I know when it happened because the music was Christmas carols. I listen to Christmas carols a few weeks before Christmas, but never after.

So here I was, a low tech guy on sound systems, and Christmas carols were my only option on the regular radio plan.

My first reaction was: This needs to be fixed now!

However, living in the pandemic made me a little more flexible. Our mechanic was supported with a lot of work and even had to postpone a necessary repair on my husband’s car. I decided to live with the situation until I needed at least an oil change.

I just wouldn’t use the CD player, I decided.

But one day after the January 6th chaos, when everything on the radio was getting on my nerves, I decided to switch to CD.

“Everything is calm. Everything is bright,” I heard.

I immediately felt better.

I’ve started listening to the Christmas carols more often and they keep taking me away. I often keep the volume low so I don’t hear all of the words, but I can feel the sense of peace they convey.

“Oh message of comfort and joy. Comfort and joy. “

– Sue Lindsey, a reader in Roanoke