Bolt Financial

 ( American Companies Established In 2014 ) 

Bolt Financial Inc. ( Bolt) is an American financial technology company that provides merchants with software to facilitate one-click online checkouts. It was founded in 2014 in San Francisco.

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History Bolt was founded by Stanford University computer science students Ryan Breslow and Eric Feldman in 2014. Their goal was to simplify online checkout for consumers and help independent retailers compete with Amazon, which held the patent on one-click checkout until 2017. The company initially operated out of Breslow's dorm room.

In 2021, the company entered into partnerships with its first European clients and acquired Tipser, a technology company based in Sweden.

In December 2021, it raised $393 million, bringing Bolt's total funding to almost $1 billion. Its valuation was $11bn as of January 2022.

In February 2022, Maju Kuruvilla was named CEO.

In February 2024, Bolt had under 700 employees, and was valued at approximately $300 million - a 97% decrease in price from 21 months prior.

Bolt announced in August 2024 that it was seeking a $450 million investment, raising capital from its lead investor The London Fund. Instead of cash, the fundraising partly involved The London Fund pledging up to $250m in influencer marketing credits. However, a publication by Axios revealed that, out of the twenty active portfolio companies listed on The London Fund website, none of the fund's portfolio companies had "never heard of The London Fund".

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External links

• Official site

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