Brite Payments leverages open banking technology to offer businesses a complete, easy-to-integrate and instant account-to-account (A2A) payments and payouts solution.
Founded in 2019 by highly-experienced executive Lena Hackelöer – the former CEO of payment solutions startup Qliro and Director of Marketing at Klarna with responsibility for SOFORT – the company is now among Sweden’s fastest-growing fintechs.
A core element of the company’s market-leading offering is the proprietary Brite Instant Payments Network (Brite IPN). This proprietary infrastructure platform facilitates 24/7/365 real-time settlement through open banking rails, and its significant advantages over traditional open banking payments include taking full receipt of funds and settling them rapidly on behalf of merchants of all sizes, in the currency of their choice. Supporting pay-ins, pay-outs with collection accounts and FX services, Brite is a truly end-to-end solution and next-generation digital payment experience.
Brite also makes life easy for consumers through requiring no signup or credit card information, but just using existing banking providers’ identification methods. The platform is already available in 25 countries across Europe with connections to more than 3,800 banks touching more than 350 million end consumers, with expansion and further product features to come. The prospect of real-time account-to-account payments becoming mainstream across Europe is on the horizon, and Brite stands to be a category leader.