After selling Bread in 2015 for over $500M, this creator simply raised millions for his brand-new fintech startup
When Daniel Simon offered Bread, a consumer purchase finance and payments startup he had actually co-founded, to Alliance Data Systems for over $500 million late last year, he quickly set his sights on building another startup. Throughout the pandemic, Simon says he observed just how much strain was put on what he referred to as ‘real-world’ services and their […] Historically, fleets have turned to specialized fleet and fuel credit cards which supply controls like limiting purchases to just fuel items of a particular grade or tracking expenditures on a per-vehicle basis. Coast’s very first product, which is set to introduce later on this year, is a commercial fuel charge card. Fleet owners and managers can utilize Coast’s web website to assign chauffeurs and vehicles, set policies and guidelines about who can buy what, how much, how frequently, and when. It’s the ideal recipe for a start-up to come in and interrupt it with a much better experience,” Mohnot informed TechCrunch by means of e-mail. …
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