Brite
“Can a proprietary open-banking network become the dominant A2A payments and data infrastructure layer across all 27 European markets?”
Founded2019
HQStockholm, Sweden
IndustryFintech / Cross-border payments
The story
Brite was founded in 2019 in Stockholm as an open-banking-native payments company. Rather than integrating onto card rails, it built its own proprietary network (Brite IPN) connected directly to 3,800+ European banks via local payment rails and open banking APIs. The company expanded from payment initiation (checkout) into instant payouts and a full data-solutions suite covering account verification, affordability, and source-of-funds checks — positioning itself as an end-to-end A2A (account-to-account) infrastructure provider for European merchants and fintechs.
Product timeline
2019
Brite AB founded in Stockholm with a vision to harness open banking for instant payments across Europe.· pivot
2022
Published General Terms and Conditions covering Account Information Service (AIS) and Payment Initiation Service (PIS) for consumers.· banking
2023
Partnered with Sofort to launch instant payouts in Europe via the Brite Instant Payments Network (IPN).· banking
2024
Expanded Brite IPN to connect 3,800+ banks across 27 European markets, offering Instant Payments, Instant Payouts, and Data Solutions.· banking
Regulated entities
1
regulatory licence held by Brite
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
2 layers disclosed in Brite’s embedded-finance stack
Payments / PSP
Brite IPN (self-operated)
Open banking
in the full report
Accounting gap: none
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.