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Brite Payments secures $60m funding, eyes international expansion

October 4, 2023

Via: FinTech Futures

Founded in 2019 by Lena Hackelöer, Brite Payments is an instant payments provider that leverages open banking technology to process account-to-account (A2A) payments in real time between consumers and online merchants. It is currently connected to 3,800 banks across 25 countries in Europe.

Brite Payments claims it “more than doubled” its transaction volume and revenue in 2022, leading it to achieve profitability. It also appointed a new CFO and COO in July this year.

With the new funding, it plans to expand geographically, “strengthen” its presence in existing markets, and invest further in product development.

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