Stockholm’s Brite Payments has made waves by securing a massive $60 million in investment. Dawn Capital is leading this investment round, with Headline and current investor Incore Invest also participating.
So, what’s the major strategy for this significant cash boost? Brite Payments Funding will accelerate its growth, strengthen its position in existing markets, and further push its product development.
What is the primary emphasis? The Brite Instant Payments Network (Brite IPN) is being taken to new heights.
The Founder and CEO of this revolutionary firm is Lena Hackelöer.
Brite Payments specializes in real-time account-to-account (A2A) payments between customers and online businesses by leveraging the potential of open banking technologies. What distinguishes them is their dedication to simplicity: no lengthy sign-ups or credit card information are necessary. Instead, customers use their bank’s usual identification mechanism to confirm themselves.
Brite Payments’ crown gem is the Brite Instant Payments Network (Brite IPN). This unique network serves as the foundation of their business, enabling 24-hour rapid processing every day of the year.
However, Brite IPN has a number of benefits over typical open banking payments. It enables merchants to receive cash and settle quickly in the currency of their choice.
Brite Payments is already connected to a wide network of over 3,800 banks across the EU, which is impressive. Their services are presently available in 25 European regions, making them a major participant in the area of quick bank payments.
Brite Payments is ready to alter the way we manage financial transactions with this big financing. Stay tuned for significant Brite Payments Funding advancements as they transform the landscape of immediate payments.