NEWS
Bread Financial now offering Bread Pay installment loans through PayTomorrow platform
Bread Financial , a tech-forward financial services company that provides simple , personalised payment , lending and saving solutions , has announced it will offer installment loans through PayTomorrow , a financial technology company that provides a premier waterfall financing platform .
PayTomorrow ’ s single source platform uses a multi-lender approach to provide customers with accessible and affordable financing options . Participating merchant and retail partners integrate the PayTomorrow platform at the point of sale , giving customers access to multiple installment loan providers , including Bread Pay , as well as Lease-to-Own and Lease-to-Loan providers . Additionally , the platform is available both online and in-store , allowing customers more flexibility across financing options and shopping channel of choice .
“ Bread Financial is proud to be working with PayTomorrow to give retailers more options for their customers to seamlessly finance their purchases ,” said Val Greer , Executive Vice President and Chief Commercial Officer , Bread Financial . “ We have data indicating nearly half of consumers have abandoned purchases because a retailer didn ’ t offer a preferred type of financing so having these options at the point of sale is critical for brands . We are pleased about this latest move to further diversify our product mix by offering our Bread Pay installment loans through the PayTomorrow platform and look forward to working together to help drive our mutual success .”
14Peaks closes inaugural US $ 30 million fund to power software start-ups in FinTech
Venture capital firm , 14Peaks Capital , has successfully closed its first fund at US $ 30 million in capital commitments from an impressive consortium of limited partners , consisting of influential high net worth individuals and family offices spanning Europe and the United States .
Established in 2022 by Edoardo Ermotti , the fund ’ s solo general partner , 14Peaks invests at the earliest stages ( from pre-seed to series A ) in B2B SaaS companies , with a specific interest in FinTech and the future of work .
The team is already investing out of its first fund and has 11 companies in its portfolio to date . These include US-based HR / payment platform , Rain ( which last year raised US $ 66 million in a Series A round ), finance and accounting platform , FlowFi ( which recently announced its US $ 9 million seed round ) and Switzerland-based data collaboration company , Tune Insight , among others .
14Peaks ’ focus across FinTech and the future of work is expansive , ranging from data collaboration and workflow automation to payment software and fraud detection . �
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