Brite Payments
- Company typePrivate
- Founded2019
- HeadquartersStockholm, Sweden
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
Brite Payments firmographics
Firmographics- Name
- Brite Payments
- Legal name
- Brite AB
- Website
- https://britepayments.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Brite Payments industry classification
Industry- Product category
- Open Banking Payments
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- A2A Payment Initiation Service Providers (PISPs) (FSAMAFAB)
- akta.pro secondary industries
- A2A Checkout & Merchant Acceptance Solutions (FSAMAFAF), Bank-to-Bank Transfers & Pay-by-Bank (Consumer & Merchant) (FSAMAFAC), ACH/Bank Transfer & Open Banking Payments (MPAEALAC)
Keywords
Where Brite Payments is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Offices1 record
Markets served
Brite Payments business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales, Others
Revenue model
- Transaction/Merchant Fees: Brite charges merchants a transaction fee for processing payments. The service is free for consumers, with all fees borne by merchants. This is a transaction-based revenue model typical of payment processors.
- Instant Payouts: Merchants pay for the ability to send instant deposits and payouts to customers. Revenue generated per transaction for immediate fund transfers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Free for consumers |
| Transaction based/ take rate | Pay-as-you-go | Merchant transaction fees |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels6 records
Brite Payments product offering
Product offeringCore offering
Brite Payments provides instant account-to-account (A2A) payment services through its proprietary Brite Instant Payments Network (Brite IPN), which connects merchants to over 3,800 banks across 27 European markets. Its core offerings include Instant Payments (Pay by Bank at checkout), Instant Payouts for merchants, Data Solutions built on Open Banking account information, and Brite Play for the gaming vertical. The platform is PSD2-compliant and operates under regulated Payment Institution licensing, enabling secure SCA-authenticated bank payments without card-network interchange.
Product overview
Brite Payments is a Swedish fintech founded in 2019 offering a unified Pay by Bank platform for instant account-to-account payments. The core product portfolio consists of Instant Payments (primary A2A payment processing), Instant Payouts (merchant-to-consumer disbursements), and Data Solutions (account information services). These products are powered by the proprietary Brite IPN network infrastructure, which connects to 3,800+ European banks across 27 markets using local payment rails and open banking standards. Brite Play extends the platform to serve the gaming industry vertical.
Differentiator
Problem solved
Functional benefit
Products and services
- Instant Payments
- Instant Payouts
- Brite Play
- Data Solutions
Quantifiable outcome
- Instant settlement in seconds (typically under 5 minutes)
- +4 more outcomes
Companies that use Brite Payments
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles3 records
Brite Payments technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Brite Payments partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights6 records
Brite Payments competitors and assessment
Company assessmentDirect peers
- Trustly: Swedish-founded A2A / Pay by Bank network serving European merchants and consumers with bank-to-bank payments. Most direct comparable to Brite by product, geography, and PSD2-based business model, though Trustly is larger and more established.
- TrueLayer: UK-based open banking platform offering A2A payment initiation and account information services across Europe. Competes head-to-head with Brite on the Pay by Bank proposition, with comparable bank connectivity and merchant integration model.
- Tink: Swedish-founded open banking platform offering payment initiation and account information services across Europe. Acquired by Visa in 2022, now competing with Brite as part of a global network — direct product overlap on A2A and data solutions.
Broad incumbents
- Klarna: Swedish-founded payments and BNPL giant that owns Sofort (bank-to-bank transfers) and increasingly competes on Pay by Bank. Overlaps with Brite in A2A and instant payouts at European merchants, but operates a much broader payments and credit product set.
- Stripe: Global payments platform serving European merchants via a single integration. Adding A2A and bank-pay capabilities (e.g., Stripe Financial Connections) puts Stripe in direct competitive overlap with Brite at the merchant checkout layer, with vastly larger scale.
- Adyen: European-headquartered global payments platform offering unified online, point-of-sale, and platform payments. Increasingly adding A2A and instant payment scheme connectivity, overlapping with Brite on enterprise European merchants.
- Nexi: Large European payments processor with deep instant-payment scheme connectivity (including SEPA Instant) across multiple countries. Overlaps with Brite on enterprise merchant payment processing and instant payouts infrastructure in Europe.
Emerging players
- PPRO: Payment orchestration provider offering local payment method aggregation including A2A / open banking rails. Competes indirectly with Brite by enabling merchants to access the same bank-pay methods via a single integration layer.
- Mollie: European payments platform serving SMB and mid-market merchants with multi-rail checkout including A2A via partners. Overlaps with Brite in target segment and geography, though typically via aggregator partnerships rather than proprietary bank connectivity.
Regional players
- iDEAL: Dominant Dutch A2A payment scheme owned by the Dutch banking community. Highly relevant comparable for A2A consumer payment behavior in a single European market; represents both a model and a competitor for Brite's A2A checkout.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Brite Payments social profiles
Digital presenceBrite Payments compliance and trust
Trust signalCompliance2 records
Brite Payments financial estimates
Financial estimateRevenue estimate
Valuation estimate
Brite Payments leadership team
Management profileNumber of profiles
Profiles5 records
Brite Payments subsidiaries and ownership
Company hierarchySubsidiaries2 records
Brite Payments funding detail
Funding detailFunding overview
Funding rounds2 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Brite Payments M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Brite Payments
What does Brite Payments do?
Brite Payments provides instant account-to-account (A2A) payment services through its proprietary Brite Instant Payments Network (Brite IPN), which connects merchants to over 3,800 banks across 27 European markets. Its core offerings include Instant Payments (Pay by Bank at checkout), Instant Payouts for merchants, Data Solutions built on Open Banking account information, and Brite Play for the gaming vertical. The platform is PSD2-compliant and operates under regulated Payment Institution licensing, enabling secure SCA-authenticated bank payments without card-network interchange.
Is Brite Payments a public or private company?
Brite Payments is a private company. It is classified as venture growth investor backed and is currently operating.
When was Brite Payments founded?
Brite Payments was founded in 2019. It employs 101 to 250 people.
Where is Brite Payments based?
Brite Payments is headquartered in Stockholm, Sweden, in the Europe region.
How does Brite Payments make money?
Two revenue lines are on record. Transaction/Merchant Fees are the primary driver. The others are instant Payouts.
Who are Brite Payments's main competitors?
Direct peers on record are Trustly, TrueLayer and Tink. Broad incumbents are Klarna, Stripe, Adyen and Nexi. Emerging players are PPRO and Mollie. iDEAL is listed as a regional player.
Does Brite Payments have an API?
Yes. Brite Payments exposes a public API. Developer documentation is at docs.britepayments.com/api-documentation.
What industry is Brite Payments in?
Brite Payments's product category is Open Banking Payments. Its primary akta.pro industry code is FSAMAFAB, A2A Payment Initiation Service Providers (PISPs), with a secondary code of FSAMAFAF, A2A Checkout & Merchant Acceptance Solutions. Its NAICS code is 522320 and its SIC code is 6199.