Bread

lendingp2p lending

FOUNDING YEAR: 2014
LOCATION: United States
Last Update: 17/07/2020

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About

4,747 followers

MEDICI Analysis

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

Focus

PRODUCTS & SERVICES

Consumer finance company - enables purchase with a pay over time option.

COMMENT

Bread has a good technology integration with its merchant's websites.

People

FOUNDERS

Daniel Simon

BOARD MEMBERS AND ADVISORS

Mark Siegel

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Bessemer Venture Partners

BoxGroup

Colle Capital

Cue Ball

Greycroft Partners

Kinnevik

Maveron

Menlo Ventures

Montage Ventures

Red Swan Ventures

RRE Ventures

Victory Park Capital

KEY EMPLOYEES:

Josh Abramowitz (CEO)

Josh Abramowitz

Momentum

FUNDED

YES

TOTAL FUNDING

$260.3 M

DATE OF LAST FUNDING

Sep 2018

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)

FUNDING SERIES

SERIES A  · $14.3 M  · Nov 2015

SERIES B  · $126 M  · Aug 2017

SERIES C  · $60 M  · Sep 2018

OTHERS  · $60 M · Sep 2018

LISTED

NO

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