Market Capitalization (Millions $) |
1,851 |
Shares
Outstanding (Millions) |
50 |
Employees |
100 |
Revenues (TTM) (Millions $) |
4,808 |
Net Income (TTM) (Millions $) |
718 |
Cash Flow (TTM) (Millions $) |
-311 |
Capital Exp. (TTM) (Millions $) |
0 |
Bread Financial Holdings Inc
Bread Financial Holdings Inc. is a financial technology company based in New York City, founded in 2014 by Josh Abramowitz and Daniel Simon. The company aims to support the online purchasing experience for consumers by using their cloud-based solution for point-of-sale financing. They offer loans ranging from $50 to $10,000 at interest rates between 0% to 29.99%, and it allows merchants to offer their customers affordable financing options for their purchases.
Bread Financial Holdings Inc. operates a cloud-based platform that works as e-commerce checkout lending services. The platform enables the seamless integration of targeted offers of consumer credit into various touchpoints throughout the purchasing process, and their technology provides transparency and simplicity towards consumer credit. The company's platform supports merchants to widen consumer purchase possibilities, facilitate more significant cart sizes, and improve conversion rates.
The company offers 'Breadcrumbs', a service that provides merchants with tools and analytics to better understand their customers and improve their online purchase experience. With Breadcrumbs, merchants can customize the credit offers and promote those related to their products, services, and brands.
Bread Financial Holdings Inc. is backed by $45 million investment from Bessemer Venture Partners, Menlo Ventures, Kinnevik, RRE Ventures, and Cue Ball Capital. The company has raised more than $95 million in funding to date.
In January 2021, Paypal announced a plan to acquire Bread Financial Holdings Inc. for $400 million. The acquisition will enable Paypal to promote its own 'Pay in 4' service more effectively, and owners of both companies aim to scale up their reach and innovation capacity in consumer credit. The acquisition is expected to be completed in the first quarter of 2021, subject to regulatory approval.
Company Address: 3095 Loyalty Circle Columbus 43219 OH
Company Phone Number: 729-4000 Stock Exchange / Ticker: NYSE BFH
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