About PayBright
PayBright is a company based in Toronto (Canada) founded in 2009 was acquired by Affirm in December 2020.. PayBright has raised $34 million across 2 funding rounds from investors including Affirm, iA Financial Group and goeasy. PayBright offers products and services including Buy Now Pay Later Service. PayBright operates in a competitive market with competitors including Financeit, Health Smart Financial Services, CreditGenie, MDG Financial and BoroMi, among others.
- Headquarter Toronto, Canada
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Products & Services of PayBright
PayBright offers a comprehensive portfolio of products and services, including Buy Now Pay Later Service. 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.
Enables deferred payments for consumer online purchases.
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Funding Insights of PayBright
PayBright has successfully raised a total of $34M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $34 million completed in September 2019. 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 2
- Last Round Series B — $34.0M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Series B - PayBright | Valuation | goeasy |
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| Dec, 2018 | Amount | Series A - PayBright | Valuation | Canadian Business Growth Fund |
| 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 PayBright
PayBright has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Affirm, iA Financial Group and goeasy. 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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Growth capital investments are made by this private equity firm.
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Consumer lending and lease-to-own services are provided to individuals.
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Private foundations focused on insurance sectors
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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 PayBright
| 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 - PayBright
| 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 |
Paybright Comparisons
Competitors of PayBright
PayBright 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 Financeit, Health Smart Financial Services, CreditGenie, MDG Financial and BoroMi, 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 |
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| domain | founded_year | HQ Location |
Consumer financing is offered at point-of-sale for partnered businesses.
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| domain | founded_year | HQ Location |
Medical loans for procedures are provided to consumers and providers.
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| domain | founded_year | HQ Location |
Purchase financing solutions are provided for small and medium-sized enterprises.
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Provides point of sale financing and lines of credit for merchants and consumers.
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Operates a digital hub for facilitating purchase financing.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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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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Latest news on Paybright
Frequently Asked Questions about PayBright
When was PayBright founded?
PayBright was founded in 2009 and raised its 1st funding round 9 years after it was founded.
Where is PayBright located?
PayBright is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is PayBright a funded company?
PayBright is a funded company, having raised a total of $34M across 2 funding rounds to date.
What does PayBright do?
PayBright was founded in 2009 in Toronto, Canada, and operates in the fintech sector. An online marketplace is provided for point-of-sale financing solutions, enabling installment payment plans for goods and services. Retail financing options are available to consumers through online applications or at the point of sale. Renewable credit limits are offered to merchants for repeat purchases, supporting ongoing transactions in the retail environment.
Who are the top competitors of PayBright?
PayBright's top competitors include Financeit, CreditGenie and Health Smart Financial Services.
What products or services does PayBright offer?
PayBright offers Buy Now Pay Later Service.
Who are PayBright's investors?
PayBright has 4 investors. Key investors include Affirm, iA Financial Group, goeasy, and Canadian Business Growth Fund.
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