Bread Secures $14.3M from Bessemer, Boosting Alternative Lending Sector

The alternative lending sector had an outstanding year in 2015. It is one of the hottest sectors in FinTech that attracts the most attention and investment along with Payments startups.

It is hard to say whether alternative lending is already overheated and if 2016 will annoint a new king of the FinTech industry. However December 2015 and the beginning of a new year are still a buzz with a lot activity lot in lending. 21% of FinTech companies around the world that raised funds in December were lending companies.

2016 started with another alternative lending provider, New York-based FinTech startup Bread, raising $14.3 million in Series A round led by Bessemer Venture Partners, according to Dow Jones news portal. RRE Ventures also was among the investors in the round to fuel part of the initial loans. Red Swan, Montage Ventures, Maveron, B ...

To continue reading, sign up for MEDICI Inner Circle and get free access for 30 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.