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New York-based Bread, which is incorporated as Lon Inc., powers a pay-over-time button on retailer websites. It pays the full amount of a purchase to a merchant and then collects monthly payments with interest from the consumer. Its current offer is a 24-month loan
PRODUCTS & SERVICES
Consumer finance company - enables purchase with a pay over time option.
Bread has a good technology integration with its merchant's websites.
BOARD MEMBERS AND ADVISORS
NUMBER OF EMPLOYEES
Josh Abramowitz (CEO)
DATE OF LAST FUNDING
TOTAL FUNDING COMMENT
The company will use the funds to develop it's omnichannel capabilities and also to expand into new verticals and strategic opportunities. (Sep. 2018)
SERIES A · $14.3 M · Nov 2015
SERIES B · $126 M · Aug 2017
SERIES C · $60 M · Sep 2018
OTHERS · $60 M · Sep 2018
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