30 October 2020

Alliance Data Systems make $450mn deal to add BNPL

Written By FinTech Alliance

Alliance Data Systems make $450mn deal to add BNPL

Alliance Data has agreed to acquire Bread for $450mn.  

In Brief:  

  • The deal includes $100mn of the company’s common stock.  

  • Bread offers a digital payments platform with various solutions including buy now, pay later.  

  • Alliance Data will add Bread’s functionality to its Enhanced Digital Suite.  

What does this mean?  

Alliance Data says that the addition will help it appeal to “younger, digitally native customers”.  

Read more here.    

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