About Bright

Bright is a consumer fintech that helps Americans get out of debt, with the power of data science and machine learning. It is a mobile app that combines all the tools and tech needed to manage and get rid of debt.

Bright’s tools include credit score building, automated debt paydown plans, financial planning, budget planning tools, and refinance loans. It works with credit cards, student loans and car loans.

Bright has had 6x growth in the last year, with 300,000 users, and more than 100,000 ratings and reviews.

Bright is backed by three major venture capital funds (Sequoia, Falcon Edge and Hummingbird) and with top angel investors from the US, UK and India, Bright has raised +$40 million in funding to date.

Bright has recently raised $50M in debt funding from Encina Lender Finance, for its credit business growth. Encina Lender Finance provides lending solutions to consumer and commercial speciality finance companies across the U.S. and Canada.

Today we are among the top 8 US FinTech companies. We will become a top-100 US financial institution, with the unique strength of data science and predictive modeling to enhance financial products for a user’s life outcomes.

We will be the first at-scale Consumer Tech company, built in India for Global markets.

About Our Founders:

Bright was founded in 2019 by a founding team from McKinsey’s Banking Practice (Petko Plachkov and AviPatchava) and InMobi Data Scientist (Avi Patchava, Varun Modi, Avinash Ramakath, Jayashree Merwade)

Key Responsibilities:

Due Diligence: Conduct thorough due diligence to ensure compliance with applicable laws and regulations, assisting in risk assessment and mitigation.
State Licensing: Manage and facilitate the state licensing process, ensuring that all licensing requirements are met for the organization to operate legally in different jurisdictions.
Legal Compliance: Assist in the development and implementation of legal compliance programs and policies, ensuring the company adheres to all applicable laws, regulations, and internal policies.
MSA and Agreement Review: Review, draft, and negotiate Master Service Agreements (MSAs), contracts, and other legal documents, ensuring they meet company interests and comply with legal standards.
Legal Research: Conduct comprehensive legal research on various matters, providing well-informed recommendations to support legal strategies and decision-making.

Qualifications:

LLB graduates from a recognized law school.
Minimum of 2 years of experience in the legal or financial industry, with a focus on due diligence, legal compliance, state licensing, MSA review, and legal research.
Strong knowledge of corporate law, compliance regulations, and licensing requirements.
Excellent drafting, negotiation, and communication skills.
Ability to work independently and manage multiple priorities efficiently.
Strong attention to detail and analytical skills.
Proven ability to work in a fast-paced environment with a high degree of professionalism.

Additional Skills (Preferred but not required):

Experience in fintech, banking, or regulatory environments is a plus.
Familiarity with industry-specific regulations and legal frameworks is an advantage.