Residential solar power buy now, pay later financier Brighte has laid off 15 per cent of its workforce as it looks to shore up its operations to withstand an extended market downturn, ushered in by higher interest rates and declining tech company valuations around the world.
Brighte has a roll-call of big name backers, led by Atlassian co-founder Mike Cannon-Brookes’ Grok Ventures, Kim Jackson and Scott Farquhar’s Skip Capital, and Sydney-based venture capital firm AirTree Ventures.
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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
