Brite operates an instant account-to-account (A2A) payments platform that processes transactions between the consumer and the company, positioning itself as a next‑generation A2A provider. Founded in 2019 by former Klarna executive Lena Hackelöer, the platform is available in 25 countries across Europe, excluding the U.K. Brite reported that it doubled transaction volume and revenue in 2022 and reached profitability. The company emphasizes instant settlement where real-time payments are not yet standard across Europe, which it says differentiates it from first‑generation A2A players. Merchants benefit from lower payment acceptance costs and instant settlement, supporting Brite’s growth thesis. With the new funding, Brite is positioned to scale its operations and potentially pursue M&A.

Total raised

$60M

Funding rounds

1

Latest round

Series A

Latest activity

Oct 2023