“Here for the long term”: Why Brighte is using its latest $15.5 million raise to make an unexpected pivot
Fintech Brighte has secured $15.5 million in Series C funding, as it prepares to make a move into Australia’s home improvement sector.
While Asia Pacific fintech investment slowed down, there were still plenty of deals taking place. The value of deals across Australia reached US$401 million.
Australia’s fintech start-ups raised US$401 million in H1 2019, compared US$122 in H1 2018, an increase of 229%, according to Accenture research.
The Slyp Smart Receipt is automatically linked to a customer’s bank card and then displayed inside their banking app.
Australian fintech investment subdued in H1’19, as market pauses ahead of future growth: KPMG Pulse of Fintech
While IPOs are not tracked by the Pulse of Fintech report, it noted Australia has been an exception when it came to fintech IPOs.