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.
MEDICI analysts will analyze Bread soon
Insufficient information for accurate analysis
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)