Brite leverages Open Banking to offer an innovative instant payments solution that allows merchants and customers to make account-to-account (A2A) payments without creating an account, downloading an app, or being redirected to a payments page. Users complete payment using top-of-mind banking information – no sign-up forms or additional passwords.
https://britepayments.com/
2019
Stockholm, Sweden
Country offices in
Lena Hackelöer
USD 60 million funding round announced in October 2023, led by specialist B2B software investor Dawn Capital and joined by Headline and existing investor Incore.
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info@britepayments.com / +46101888777
The payments sector is still plagued by inefficiencies – including how merchants implement new payment options for their customers. Brite Payments leverages the capabilities of Open Banking to give merchants and businesses a complete and easy-to-integrate instant account-to-account (A2A) payments and payouts solution that delivers high checkout conversion, reduction of fraud and risk as well as bottom-line cost-savings and top-line revenue growth.
Brite serves customers in a growing number of industries and verticals where instant bank payments and payouts offer numerous advantages over traditional card-based payments. Instant payments facilitated by Open Banking deliver operational cost-savings, a smoother customer experience, reduced fraud risk, and elimination of chargebacks.
Seamless payments and superfast payouts, powered by the Brite Instant Payments Network (IPN). Brite IPN offers significant advantages over traditional Open Banking payments (i.e. PIS) by taking full receipt of incoming funds and settling them rapidly on behalf of merchants across Europe. The Open Banking-first proprietary network enables 24/7/365 instant payments processing.
Restful JSON
Brite is connected to more than 3,800 banks across 27 European markets, touching more than 350 million end consumers. 95%+ coverage in core markets.
For details please contact our team: info@britepayments.com
Ecommerce, online marketplaces, ticketing, travel, consumer finance, insurance, neobrokers and trading platforms, charity/non-profit sector, money remittance, EV infrastructure, freelance, and gig worker platforms.
Customer stories: https://britepayments.com/customer-stories/
Native cloud
Python, Go, Javascript, Typescript.
Pycharm, VSCode.
Licenced by the Swedish Financial Supervisory Authority for operations across EU/EEA.
Direct integration with merchants and through PSP partners.
Transaction-based pricing model (for more details contact our team: info@britepayments.com)
Merchant service fees
• Auctionet: Bringing auction payments into the 21st Century
https://britepayments.com/customer-stories/billecta/
Further geographic expansion is planned for 2025, as well as strengthening the product offering within existing markets. A key focus is the further development of the Brite Instant Payments Network (Brite IPN); a proprietary network that is the backbone of the company’s offering.