About Brite
Brite is a company based in Sao Paulo (Brazil) founded in 2014 was acquired by Paktor in May 2016. It operates as a API-as-a-Product. Brite has raised $1.6 million across 1 funding round from investors including Paktor and Monashees. Brite offers products and services including Brite Payment Solution. Brite operates in a competitive market with competitors including Mequeres, Flyrt, Ge2Gether, Primaveras and Incontri App, among others.
- Headquarter Sao Paulo, Brazil
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Sectors
Consumer
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Phone
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Website
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Social
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Products & Services of Brite
Brite offers a comprehensive portfolio of products and services, including Brite Payment Solution. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Instant bank transfers are facilitated for online casinos.
Funding Insights of Brite
Brite has successfully raised a total of $1.6M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.6 million completed in October 2015. 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 Total Funding
- Total Rounds 1
- Last Round Seed — $1.6M
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First Round
First Round
(27 Oct 2015)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2015 | Amount | Seed - Brite | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Brite
Brite has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Paktor and Monashees. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Sectors like ad tech, food tech, logistics, services are targeted.
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Founded Year | Domain | Location | |
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A dating platform is provided based on mutual likes.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Brite
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Brite
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Brite Comparisons
Competitors of Brite
Brite operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Mequeres, Flyrt, Ge2Gether, Primaveras and Incontri App, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Global platform enabling safe cross-cultural connections through a free dating app.
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| domain | founded_year | HQ Location |
Offers a matchmaking platform connecting users with similar interests.
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| domain | founded_year | HQ Location |
Ge2Gether app links users via mutual interests in bars, restaurants, and events.
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| domain | founded_year | HQ Location |
Funeral services for burials, cremations, and family support in Guarulhos, Brazil.
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| domain | founded_year | HQ Location |
Matchmaking agency connecting individuals for serious relationships through an app.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Brite
When was Brite founded?
Brite was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Brite located?
Brite is headquartered in Sao Paulo, Brazil.
Is Brite a funded company?
Brite is a funded company, having raised a total of $1.6M across 1 funding round to date. The company's 1st funding round was a Seed of $1.6M, raised on Oct 27, 2015.
What does Brite do?
Brite is utilized as a payment solution within the online gambling industry, primarily focusing on European markets. Transactions are enabled through the Open Banking framework, ensuring near-instant deposits and withdrawals without the need for account registration. The service is integrated by casinos to offer secure, fee-free banking options to clients. Key markets include Sweden, Finland, and Germany, with expansion plans for global reach. Safety and compliance are maintained through strict licensing under the Swedish Payment Service Act.
Who are the top competitors of Brite?
What products or services does Brite offer?
Brite offers Brite Payment Solution.
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