Brite Payments expands into three new European markets

Instant bank payments fintech Brite Payments has extended its payouts coverage into three new markets in Central and Eastern Europe, citing increased demand from international merchants.

Stockholm-based Brite Payments now offers its payouts solution in Croatia, Romania, and Hungary, taking its total coverage to 24 European markets.

Brite Payments CEO Lena Hackeloer

Croatia, Romania, and Hungary represent some of Europe’s most dynamic and fast-growing markets, according to Lena Hackelöer, founder and chief executive officer of Brite Payments, 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,” she said.

“Brite has quickly become a payment provider of choice for many businesses that want to prioritise seamless and transparent payments and payouts.”

Brite’s instant account-to-account payments offering facilitates the receipt of funds from merchants to consumers, across including ecommerce marketplaces, consumer finance, online trading, travel, ticketing, insurance, and gig work platforms.

Last year, Brite made a couple of appointments, hiring the former chief compliance officer at Zettle by PayPal, Lisa Edström, as compliance director and the former chief technology officer at SOFORT and VP of engineering at Klarna, Jan Plasberg, to its board.

Hackelöer spoke about the company’s geographic expansion plans on the Open Banking Expo Unplugged podcast in June 2022 – listen back here.