Brighte, an Australia-based green energy fintech, recently announced it secured $100 million through its latest investment round. According to various media outlets, the round was led by Grok Ventures, the investment fund of Mike and Annie Cannon-Brookes.
Founded in 2015, Brighte describes itself as a point of sale credit and payments provider. The company explained that it helps businesses make their customers happy, by providing them with a “fast and affordable” way to pay.
“Brighte’s end-to-end automated digital platform provides real-time credit assessment of a customer application. And we know time is money, so we provide quick settlement as soon as you confirm the job is done. What’s even better, your customer pays no interest, ever.”
According to ItMunch, Katherine McConnell, CEO and Founder of Brighte, stated that from day one, the company has made a “clear and deliberate” strategy to focus on the industry verticals that its team knows best, which are batteries, home improvement, and residential solar. McConnell noted that in the future, she and the Brighte team are planning to launch a new generation tailing model that will allow the Brighte customers to own energy assets and pay Brighte back over time.
The media outlet further reported that in the past four years, Brighte has approved more than $500 million in finance and has enabled one 1800 home improvement and solar businesses to offer financing to 50,000+ Australian households.