Brighte is a company that focuses on the financial and sustainable energy sectors. It provides financing solutions for solar systems and energy-efficient home products, making these sustainable upgrades more affordable and accessible. The company primarily serves the residential and small to medium-sized business sectors. It was founded in 2015 and is based in Sydney, New South Wales.
Expert Collections containing Brighte
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Brighte is included in 3 Expert Collections, including Digital Lending.
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Excludes US-based companies
Latest Brighte News
Oct 24, 2023
News provided by Share this article Share toX This comprehensive report offers an in-depth data-centric analysis of the Buy Now Pay Later (BNPL) industry, providing valuable insights into market opportunities and potential risks across a diverse range of retail categories. With over 75 key performance indicators (KPIs) tailored to the country level, this report offers a comprehensive understanding of the dynamic landscape of the BNPL market. It covers critical aspects such as market dynamics, size, forecasts, and market share statistics. The report breaks down these opportunities by categorizing them based on business models, sales channels (offline and online), and distribution methods. Additionally, it offers a snapshot of consumer behavior and the dynamics of retail spending in Australia. KPIs are presented in both value and volume terms, enabling a thorough comprehension of the market dynamics at play. In Australia, the BNPL industry has enjoyed favorable conditions for growth. However, it now faces regulatory challenges, with discussions about potential regulation under the National Consumer Credit Protection Act. High-interest rates and rising living costs have also impacted BNPL firms' operations and consumers' ability to repay loans. While short-term growth may occur as consumers turn to BNPL options during the holiday season, the market is expected to face ongoing pressure due to macroeconomic and regulatory factors. The Australian government is considering several options for regulating the BNPL industry, including affordability checks, partial inclusion under the Credit Act, or full regulation alongside credit card providers. This regulatory landscape remains uncertain. Despite these challenges, BNPL providers are seeking opportunities to expand, particularly in the travel and tourism sector. Collaborations with travel companies like Jetstar and Expedia are emerging to cater to budget-conscious travelers. Moreover, consumers are increasingly using BNPL options to cover essential expenses like groceries and petrol bills, further boosting demand for BNPL products in the short term. However, this usage also raises concerns about the revolving door of debt for consumers. In conclusion, this report offers a comprehensive overview of the BNPL industry in Australia, covering market dynamics, potential regulatory changes, and trends in consumer behavior and retail spending. Scope Afterpay Gross Merchandise Value Trend Analysis Average Value Per Transaction Trend Analysis Transaction Volume Trend Analysis
Brighte Frequently Asked Questions (FAQ)
When was Brighte founded?
Brighte was founded in 2015.
Where is Brighte's headquarters?
Brighte's headquarters is located at 1 Margaret Street, Sydney.
What is Brighte's latest funding round?
Brighte's latest funding round is Series C - II.
How much did Brighte raise?
Brighte raised a total of $206.11M.
Who are the investors of Brighte?
Investors of Brighte include Qualgro, Grok Ventures, AirTree Ventures, Skip Capital, National Australia Bank and 6 more.
Who are Brighte's competitors?
Competitors of Brighte include Prodigy Finance, ZestMoney, Kredivo Holdings, Kissht, Fair and 7 more.
Compare Brighte to Competitors
Tala provides digital financial services through the mobile application. The company's financial tools help users borrow, save, and grow money. It gathers discrete data points of customers to build a financial identity and deliver instant credit. It was formerly known as InVenture. The company was founded in 2011 and is based in Santa Monica, California.
Branch International offers a mobile application. It allows users to access credit in emerging markets. Its offerings include loans and micro-finances. It enables users to get loans. It was founded in 2015 and is based in San Francisco, California.
Prodigy Finance provides a global lending platform. Its international network of investors fund graduate loans for students from different countries, through a borderless model that prizes potential over geography. It was founded in 2007 and is based in London, U.K.
ZestMoney operates as a digital lending platform that enables people to pay using digitally equated monthly installments (EMIs). It also provides credit information, financial counseling, and other services. The company was founded in 2015 and is based in Bengaluru, India.
Upgrade is a financial technology company operating in the consumer credit sector. The company offers services such as personal loans, credit lines, and rewards checking and premier savings accounts, all aimed at helping customers access and manage credit. Their primary market includes families across America. It was founded in 2016 and is based in San Francisco, California.
Kissht is a financial technology company that focuses on providing instant credit solutions in the financial services industry. The company offers a range of services including personal loans, credit for small business purchases, and a line of credit, all of which are designed to help individuals and businesses manage their financial needs. These services are primarily targeted towards the ecommerce industry. It was founded in 2015 and is based in Mumbai, India.