Alliance Data Acquires Bread

Columbus, Ohio based Alliance Data Systems (ADS), a big card issuer has agreed to acquire Bread, an upcoming Buy Now, Pay later fintech company. We will have put a brief profile of Bread http://www.breadpayments.com soon under the company profile section.

The acquisition highlights the growing importance of BNPL lending and also shows that card issuers are not ignoring this space. We will see how ADS is going to integrate/assimilate Bread into its business model. We believe there will more consolidation and acquisitions in the BNPL space. And when that happens, you can count on us to report it here. Your one-stop destination for all things BNPL.