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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Financial Services
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Products & Services of PayBright
PayBright offers a comprehensive portfolio of products and services, including Buy Now Pay Later Service.
Enables deferred payments for consumer online purchases.
People of PayBright
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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.
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.
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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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Investor details for PayBright
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Investments & Acquisitions by PayBright
Investment portfolio details for PayBright
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Financial Statements - PayBright
Detailed financials for PayBright
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Paybright Comparisons
Peer comparison for PayBright
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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.
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Consumer financing is offered at point-of-sale for partnered businesses.
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Medical loans for procedures are provided to consumers and providers.
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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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Detailed competitors of PayBright
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Latest news on Paybright
Complete news archive for PayBright
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Frequently Asked Questions about PayBright
PayBright was founded in 2009 and raised its 1st funding round 9 years after it was founded.
PayBright is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
PayBright is a funded company, having raised a total of $34M across 2 funding rounds to date.
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.
PayBright's top competitors include Financeit, CreditGenie and Health Smart Financial Services.
PayBright offers Buy Now Pay Later Service.
PayBright has 4 investors. Key investors include Affirm, iA Financial Group, goeasy, and Canadian Business Growth Fund.