Brighte

About Brighte

Brighte is on a mission to make every home sustainable, offering consumers a fast and easy way to pay for solar, batteries and home electrification.

Founded in 2015, Brighte has enabled more than 110,000 households to get solar sooner via partnerships with more than 2,000 solar retailers nationally and by processing more than A$1.3 billion in finance applications. In December 2021, 10% of solar installations nationwide were financed by Brighte.

Solar installations reduce household CO2 emissions by 800 million tonnes each year, representing 650MW of generation capacity. Brighte is bringing home the power of the sun and making the benefits of clean energy accessible and affordable to Australian families. The company is headquartered in Sydney, Australia.

Ownership and capital structure

As a private company, Brighte has demonstrated strong investor support by successfully raising capital each year. Brighte’s list of high-quality investors includes 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 and other high net worth investors.

SIZE OF LOAN BOOK	A$450M+
MAKEUP OF LOAN BOOK	CONSUMER LENDING: 100%
GEOGRAPHIC DISTRIBUTION OF LOAN BOOK	AUSTRALIAN HOMEOWNERS: 97%
OUTSTANDING DEBT ISSUANCE	PRIVATE BILATERAL WAREHOUSE FACILITIES: >A$285M PUBLIC ABS TRANSACTIONS: A$275M

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

Target market and asset performance

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

Brighte’s loan book has shown strong performance, 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.

Funding strategy

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 following 2020’s inaugural public ABS issuance and broadening the investor base.

Recognition

Brighte has been recognised with several awards, including:

2022: Banking, Superannuation and Financial Services

Sustainability Leader of the Year (AFR Sustainability Leaders)

2022: Green Lender of the Year (Finder Green Awards)
2021: Best Fintech Lender (Australian Fintech Awards)
2021: Green Lender of the Year (Finder Green Awards)
2021: Outstanding Fintech Leader of the Year (Finnies – Fintech Australia Awards)
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 (fourthfastest- 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:

2021: Green Leader of the Year (Finder Green Awards)
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 (The Finnies)