About
Brite is a Swedish pay-by-bank provider run by Brite AB of Stockholm, founded in 2019 and licensed as a payment institution by Finansinspektionen under PSD2. At checkout the shopper picks their bank and approves the payment with that bank's usual identification method, with no signup or card details; Brite initiates the transfer through open-banking APIs. Unlike a pure initiation service, Brite receives the funds itself via its own Instant Payments Network, which settles 24/7 with a median under 60 seconds and also powers instant payouts. It reports 3,800+ connected banks across 27 European markets as of 2026.
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