Bread raises $126m in equity and debt financing

Bread, a US FinTech startup that builds ‘pay over time’solutions for online merchants, has announced the completion of a $126 million equity and debt financing round. Menlo Ventures led the equity round, with participation from Bessemer Venture Partners, RRE Ventures, and others. As part of the round, Mark Siegel, Menlo’s managing partner, will be joining Bread’s board of directors. The debt facility was provided by Victory Park Capital.