Brighte: Katherine McConnell creates easier finance solutions for households to buy rooftop solar & renewable energy
Description
When Katherine McConnell was a Macquarie banker specializing in asset finance she knew there was a genuine & untapped opportunity that no big bank could take advantage of. And that was to provide new ways to help ordinary householders invest hefty upfront charges in renewable energy in their homes, be it rooftop solar, battery or blinds. So she mortgaged her family’s home, scrimped and saved every penny, including her kids’ (former) private school fees, and created Brighte, which essentially offers a Buy Now, Pay Later payment plan – with no interest charged – for expensive renewable energy assets in the home. It was a masterstroke plan that actually started life in 2015 as a blog she wrote to help consumers think about renewables. That blog turned into a business plan, which turned into HER business plan. And that transformed into her startup in 2016 – Brighte. Brighte has since attracted the attention of tech billionaires Mike Cannon-Brookes and Scott Farquhar, who have heavily backed her venture. Hear HOW Katherine stole a march on territory that should have been bread and butter for big banks – providing credit to households; how she built her empire from an initial 6 employees to currently 180 in the team; and how she has navigated and managed Brighte’s wild ride in just 5 years.
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United States
