Brighte is an innovative digital-payment platform, connecting homeowners with solar and home-improvement businesses by offering affordable and convenient finance at the point of sale.

Brighte’s purpose is to enable a brighter future today. It believes every Australian family deserves access to an affordable, sustainable and comfortable home. The company is a proud fintech, leveraging technology to solve problems for its customers, remove friction at the point of sale and deliver best-in-class service.

Founded by Katherine McConnell in 2015, Brighte has enabled more than 1,700 solar and home-improvement businesses to offer finance to more than 60,000 Australian households. In four years, Brighte has approved A$500 million in finance. In the first half of 2020, one in 15 residential solar installations in Australia used Brighte to fund their purchase.

As a private company, Brighte has demonstrated strong investor support by successfully raising capital each year. Brighte’s list of high-quality investors include Atlassian co-founders Mike Cannon-Brookes and Scott Farqhuar – through Grok Ventures and Skip Capital (headed by Kim Jackson) respectively – AirTree Ventures, Singaporean venture-capital firm Qualgro VC, and other high net-worth investors.

Brighte is led by a senior executive team and board with deep experience in finance, technology and delivering innovative customer solutions.

Brighte’s customers are Australian homeowners with high-quality credit who are financing an average A$8,000 purchase over 4-5 year term.

Brighte’s loan book has shown strong performance over time with 30-day-plus arrears of less than 1%. The resilience of the book has also been demonstrated by exceptionally low levels of hardship in the COVID-19 environment.

Brighte has established two warehouse arrangements to support its product offerings. They include a combination of Australian domestic banks and private mezzanine investors. The next phase of its funding journey will include establishment of public ABS issuance, giving access to a broader investor base. Brighte mandated a debut public ABS in September 2020.

Brighte has been recognised with several awards, including:
•2020: Green Lender of the Year (Finder Green Awards).
•2019: Best Use of AI in Fintech (Australian FinTech Awards).
•2019: Best Fintech-Bank Collaboration (Australian FinTech Awards).
•2019: Deloitte Asia-Pacific Technology Fast 500 (fourth fastest-growing tech company in the Asia-Pacific region and second fastest-growing in Australia).

Katherine McConnell, Brighte’s chief executive and founder, has received the following individual recognition:
•2020: Medium to Large Business Award (Telstra New South Wales Business Women’s Awards).
•2020: Green Leader of the Year (Finder Green Awards).
•2019: Tech Fast 50 Female Award (Deloitte Fast Technology 50 Australia).
•2019 finalist: Alumni Award for Innovation and Entrepreneurship (University of Wollongong).
•2018: Outstanding FinTech Leader of the Year (Finnies – Fintech Australia Awards).

John Rohl
Head of Corporate Development
+61 414 493 569
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www.brighte.com.au