Brite Payments extends payouts coverage to new European markets

By Gloria Methri

Brite Payments, one of Sweden’s fastest-growing FinTechs has expanded its coverage across Central and Eastern Europe. Brite, which has built its instant account-to-account (A2A) payments offering on the European-wide open banking infrastructure, now offers its payouts solution in Croatia, Romania, and Hungary. With the latest addition, Brite offers payouts in a total of 24 markets across Europe.

Instant processing has become an important proposition within payments, most notably across markets in Europe that are undergoing rapid digital transformation. Brite’s expansion is a response to increased demand from international merchants, as well as the opportunity to support businesses in these domestic markets.

Brite facilitates the rapid receipt of funds from merchants to consumers through its payout solution, across diverse sectors including eCommerce marketplaces, consumer finance, online trading, travel, ticketing, insurance, and gig work platforms.

Pairing fast payouts with the convenience and security of open banking further enhances the end-user experience. Additionally, Brite’s Time2Money feature ensures that users have full transparency and visibility into exactly when they will receive their money.

“Croatia, Romania, and Hungary represent some of Europe’s most dynamic and fast-growing markets, as well as being popular markets for expansion for established international businesses. By adding these countries to our network of coverage, we take another step forward on our mission to bring fast, easy, and secure payments to merchants and consumers across Europe,” said Lena Hackelöer, Founder & CEO, of Brite Payments.

Expansion into new markets and currencies follows Brite’s growth over the past year. The company more than doubled revenue and transaction volume on its platform and increased its headcount by nearly 100 percent. The company’s most recent expansion follows on from its full product rollout across the Baltic region.