Company Information

Get to know PayBright

Founded in 2009 in Toronto, PayBright was one of Canada's leading providers of 'Buy Now, Pay Later' (BNPL) solutions. The company's mission was to offer consumers more flexible and transparent payment options at the point of sale, allowing them to break down the cost of purchases into interest-free bi-weekly payments or monthly installments. In January 2021, PayBright was acquired by the U.S.-based financial technology company Affirm, Inc. to facilitate Affirm's expansion into the Canadian market. Since the acquisition, the PayBright brand has been progressively phased out and is now operating fully under the Affirm name in Canada.

Industry

Financial PaymentPRIMARY
Financial Other Service

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PayBright

Canada

Founded in

2009 (17 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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(180 reviews)

Cyprus

2017

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Security Information

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.