Sweden’s Northe Supercharges its Electric Vehicle Charging Platform with Brite Payments
Stockholm – 31 January, 2024 – Brite Payments, a leader in instant bank payments, today announced that it has partnered with Northe, a one-stop platform for electric vehicle (EV) charging, to provide customers with a more streamlined payments process.
Founded in Stockholm in 2020, and buoyed by fresh funding in early 2023, Northe is connected to an extensive network of public, semi-public, and private partners. It provides customers with an all-in-one platform that facilitates and automates the management of everyday EV charging needs. Via the Northe charging app, private and business customers access thousands of charging stations, connecting multiple operators and removing friction in the payment and reimbursement process.
Brite Payments, one of Sweden’s fastest-growing fintechs, enables instant account-to-account (A2A) payments and payouts based on Europe’s open banking infrastructure. The first phase of Northe’s collaboration with Brite involves the use of Brite Instant Payouts to equip leasing companies with a streamlined way to reimburse drivers for home EV charging. The partnership also includes use of Brite Data Solutions (open banking-enabled AIS – Account Information Services) to verify account holder information for reimbursements.
“Our mission is to solve the charging issues that many fleet operators and EV customers encounter, which threaten to hold back the transition away from fossil fuels to greener alternatives,” said Abdulwahid Ahmed, Chief Operations Officer, Northe. “With Brite, we can give leasing companies the tools they need to simplify the reimbursement process and give users a more seamless charging experience. Payment and reimbursement processes are a critical factor in customer retention and satisfaction in our dynamic and fast-moving industry.”
Sweden and Norway are established global leaders in e-mobility, and many European countries are approaching a tipping point as falling costs and advancing technology fuel the transition to EVs. However, significant infrastructure challenges remain, especially for businesses managing charging, payments and reimbursements for commercial EV fleets. Rental car companies can also make EV rentals more attractive for customers by offering all-in-one charging and payment solutions – as illustrated by Northe’s collaboration with Avis.
“Northe is proof that Nordic companies are tackling the challenges of EV transformation head on, with innovative solutions that help facilitate the green transition,” said Sebastian Pruszynski, VP – Business Development, Brite Payments. “We’re excited to be supporting Northe’s mission, starting with our Data and Instant Payouts solutions, to make EV charging services simpler and more intuitive. With Northe expanding rapidly and offering services across a growing number of European countries, Brite is also well positioned to support their future growth aspirations.”
“The EV sector as a whole is growing rapidly, and Northe will be expanding geographically to serve customers in more European markets – Brite gives us the reliability and scalability we need to confidently enter new markets and supercharge the capabilities of our all-in-one platform,” concluded Ahmed.
For more information about Brite, please visit: www.britepayments.com
Brite Payments is a second-generation fintech based in Stockholm. The instant payments provider leverages open banking technology to process account-to-account (A2A) payments in real time between consumers and online merchants.
With Brite, no signup or credit card details are required as consumers authenticate themselves with top-of-mind details using their bank’s usual identification method. Brite is connected to more than 3,800 banks within the EU and its offering is currently available in 26 markets across Europe.