About Brite Payments
Brite Payments is a Financial Services company based in Stockholm (Sweden) founded in 2019 by Lena Hackelöer. API-enabled payouts and recurring payment solutions are offered to businesses. It operates on a FinTech model. Brite Payments has raised $66.17 million across 2 funding rounds from investors including Dawn Capital, Headline and Incore Invest. Its chief executive, as recorded, is Lena Hackelöer. Its website britepayments.com draws about 32 thousand monthly visits. Brite Payments offers products and services including Instant Payments and Instant Payouts. Its focus areas include Payment Processing and Digital Payments. Its legal entity is Brite AB. Its competitors include Qred, Zaver and Westpay; 2 of its 3 listed competitors have raised funding.
Company details
Brite Payments is engaged in delivering faster, smarter, and more secure payment solutions across Europe. Transactions are handled seamlessly from customer to merchant and back, without the need for sign-ups or card details. The company operates in multiple sectors including financial services, e-commerce, and charities, leveraging open banking technology to ensure instant payments and payouts. Services are provided under strict regulatory supervision, ensuring high security standards for all transactions.
- Headquarters Stockholm, Sweden
- Founders Lena Hackelöer
- SectorsFinancial Services
- Website category Gambling · Casinos
- Website britepayments.com
- Social LinkedIn
- Legal Name Brite Ab
- Total Equity Funding$66.17M (USD)
in 2 rounds
- Latest Funding Round$60M (USD), Series A
Oct 2023
- InvestorsDawn Capital
& 2 more
Products & Services of Brite Payments
Brite Payments offers a comprehensive portfolio of products and services, including Instant Payments and Instant Payouts.
Instant payments are facilitated for seamless transactions daily.
Instant payouts are provided for quick fund disbursements.
Funding Insights of Brite Payments
Brite Payments has successfully raised a total of $66.17M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $60 million completed in October 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $66.17M
- Total Rounds 2
- Last Round Series A — $60M
- First Round $6.17M
(Jun 2020)
- Investors Count 3
All 2 funding rounds of Brite Payments with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2023 | $60M | Series A | – | Dawn Capital | |
| Jun 2020 | $6.17M | Seed | – | – | – |
3 investors in total: 3 institutional.
Investors in Brite Payments
Brite Payments has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Dawn Capital, Headline and Incore Invest.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Dawn Capital is focused on investing in European software startups. | 2007 | dawncapital.com | London, United Kingdom | |
Investments are made in early-stage tech startups across multiple sectors. | headline.com | San Francisco, United States | ||
Growth stage investments are facilitated by Incore Invest. | incoreinvest.com |
Investor details for Brite Payments
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- Complete investor list
- Round participation
- Investor portfolios
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People of Brite Payments
40 people are tracked at Brite Payments (9 in leadership, 31 in team).
| Name | Role | Group |
|---|---|---|
Lena Hackelöer | Founder & CEO | Leadership |
Daniel Apler | Head Of Engineering | Leadership |
Jagannath Tammeleht | People Director | Leadership |
George Parks Davie | VP Of Products | Leadership |
Sebastian Pruszynski | Vice President of Business Development | Leadership |
Guenter Meessen | VP Commercial Growth | Leadership |
Harald Walden | CTO | Leadership |
Sven Fredin | VP Commercial Operations | Leadership |
Alexander Kassai | Head Of Information Security | Leadership |
Michael Thrippleton | QA Manager | Team |
Rebecca Azzopardi | Sales - Commercial Team | Team |
Stefan Franzén | Engineering Management | Team |
Jahanzeb Nawaz | Software Engineer | Team |
Pablo González Molina | Developer | Team |
Mathias Gesar | Technical Lead | Team |
José María Jiménez Morales | Engineering Team Lead | Team |
Javier Galilea Pesos | Integration Software Engineer | Team |
Antonio Cruz | Developer | Team |
Amalia Struwe | Legal Department | Team |
Shayan Mousavinia | Software Developer | Team |
20 more people are available in the full profile.
Complete people profiles for Brite Payments
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
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Timeline of Brite Payments
3 dated milestones of Brite Payments across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Brite Payments is founded.
- Funding First funding round of $6.2M.
- Funding Latest funding round, Series A, of $60.0M.
Competitors of Brite Payments
Brite Payments has 3 listed competitors in our database, 2 of them funded. They include Qred, Zaver and Westpay.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| qred.se | 2015 | Stockholm, Sweden | $11.05M | Provider of a digital marketplace platform for business loans | ||
| zaver.com | 2016 | Stockholm, Sweden | $16.24M | Provider of diversified solutions for business payments | ||
| westpay.se | 1988 | Upplands Vasby, Sweden | Payment processing solutions are offered to businesses and merchants. |
Detailed competitors of Brite Payments
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Brite Payments
The website of Brite Payments (britepayments.com) receives about 31.8K visits a month and ranks #1,076,857 among all websites worldwide, #2,703 in Casinos.
- Monthly visits31.8K
▲ 22.1% vs previous month
- Unique visitors10.9K
per month
- Global rank#1,076,857
among all websites
- Category rank#2,703
Gambling · Casinos
- Bounce rate39%
- Pages per visit1.9
- Average visit40 sec
- DevicesDesktop 38% · Mobile 62%
Websites whose visitors overlap most with Brite Payments. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| zimpler.com | 100% | 16.4K | #1,613,863 | View details |
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Related news about Brite Payments
Complete news archive for Brite Payments
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Frequently Asked Questions about Brite Payments
Brite Payments was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Brite Payments is headquartered in Stockholm, Sweden.
Lena Hackelöer is the CEO of Brite Payments, as recorded in our data. They have also founded this company.
Brite Payments is a funded company, having raised a total of $66.17M across 2 funding rounds to date. The company's 1st funding round was a Seed of $6.17M, raised on Jun 2020.
Brite Payments is engaged in delivering faster, smarter, and more secure payment solutions across Europe. Transactions are handled seamlessly from customer to merchant and back, without the need for sign-ups or card details. The company operates in multiple sectors including financial services, e-commerce, and charities, leveraging open banking technology to ensure instant payments and payouts. Services are provided under strict regulatory supervision, ensuring high security standards for all transactions.
Brite Payments offers Instant Payments and Instant Payouts.
Brite Payments has 3 investors. Key investors include Dawn Capital, Headline, and Incore Invest.
Brite Payments operates through Brite Ab.