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Venture Capital · Fintech fundraising shifts to profitability-first as AI dominates capital allocation
now playing · Venture Capital
Pay-by-bank at 15-20% European penetration with infrastructure tailwinds accelerating adoption
Open banking APIs and instant payment rails have matured significantly, reducing friction for consumers and merchants; pay-by-bank is cannibalizing card volumes but faces stacked unknowns (…
Fintech fundraising shifts to profitability-first as AI dominates capital allocation
In an AI-heavy funding environment, fintechs must demonstrate profitability and unit economics to raise; Brite's 2022 profitability decision enabled a successful 2023 Series A, and the comp…
European payment sovereignty drives merchant demand for homegrown, independent pay-by-bank networks
Geopolitical tensions make merchants nervous about non-European payment dependencies; Brite's fully European instant payment network with no external processing partners benefits from this…