Brighte is on a mission to make every home sustainable by offering consumers a fast and easy way to pay for solar and home improvements. Delivering on a promise to bring forward the benefits of clean energy for Australian families, Brighte has generated more than 490 megawatt hours of clean energy by financing one in every 10 new residential solar installations in 2020.

Founded by Katherine McConnell in 2015, Brighte has enabled more than 2,000 solar and home-improvement businesses to offer finance to more than 100,000 households, approving A$700 million in finance so far.

In 2020, Brighte became the sixth-fastest-growing technology company in Australia and secured A$100 million in series C funding, which it will use to develop a new payment model to make it easier for households to buy batteries. To assist with this model, Brighte has successfully obtained an energy-retailer license to retail solar power. The company is headquartered in Sydney, Australia.

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

Brighte has been recognised with several awards, including:
•2021: Green Lender of the Year (Finder Green 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 (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:
•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 (Finnies – Fintech Australia Awards).

George Whittle
Head of Funding
+61 402 441 226
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John Rohl
Chief Financial Officer
+61 414 493 569
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www.brighte.com.au