PayBright partners with retailers to offer an integrated instant point-of-sale installment payment plan solution for both e-commerce and in-store purchases. After selecting PayBright as a payment method, shoppers can finalize purchases in seconds while retailers receive funds directly the next business day with no credit or fraud risk. Consumers pay for purchases in installments over time, with interest rates as low as 0%. The company has a network of over 4,700 merchant partners across Canada and has approved over $1 billion in credit for more than 250,000 Canadians. Leadership is led by Wayne Pommen, President & CEO. PayBright recently closed equity financings totaling $60M across two transactions, including a $34M investment from goeasy and a financing led by the Canadian Business Growth Fund.

Total raised

$34M

Funding rounds

1

Latest round

Equity

Latest activity

Sep 2019