Browse recent press releases and media coverage.
Bolt raises $68 million to simplify ecommerce
[VentureBeat] Bolt — not to be confused with blockchain startup Bolt Labs, hardware investor Bolt, or the ride-sharing firm formerly known as Taxify — aims to accomplish no less than reinventing the ecommerce payments stack top to bottom. The San Francisco-based company, which was founded in 2014 by Eric Feldman and Ryan Breslow, provides a suite of tools designed to streamline transactions across web platforms. And to gear up for its next stage of growth, it’s raising substantial venture capital.
This CEO dropped out of Stanford to help companies take on Amazon
[Business Insider] This CEO dropped out of Stanford, but secretly started his company in his old dorm. Now, he’s raised $90 million to help companies challenge Amazon with better payments technology.
Bolt is one of Inc.'s "Best Workplaces"
[Inc.] Today, Inc. Magazine included Bolt on their selective list of Best Workplaces for 2019. One of our top priorities at Bolt is cultivating a workplace that eliminates politics and fear. Every voice is heard, and decisions are made based on reason and data. We work hard every day to maintain a culture of openness and excellence, which is why we’re excited to see it hasn’t gone unnoticed.
The Forbes Fintech 50: Bolt
[Forbes] Its mobile-ready checkout software for ecommerce sites incorporates sales analysis and fraud prevention, topped by a guarantee to cover any fraud losses. Bolt claims the integrated functions can cut checkout times from more than one minute to 30 seconds.
The race to become the next PayPal or Square heats up
[Bloomberg] For several years, PayPal, Square, Adyen and Stripe have dominated the lucrative payments market. Now hundreds of upstarts with names like Bolt, Toast and Due are muscling into the market with their own twist on facilitating commerce between merchants and shoppers.
Bolt raises $68M for the “perfect” online checkout
[Crunchbase] San Francisco-based Bolt is hoping to fill [the] gap between browsing and buying. After launching in January 2018, the company recently raised a $68 million in a Series B to “perfect the online check out process.” Its total funding is at $90 million. The latest round was led by Activant Capital and Tribe Capital. Executives from Allbirds, REVOLVE, Jet.com, and Bombas also participated in the round.
Checkout Startup Bolt Raises $68 Million to Help Smaller Retailers Take On Amazon
[Fortune] Bolt, an online checkout startup that publicly debuted in January of 2018, announced today that it has successfully raised $68 million in new funding, at an undisclosed valuation. The new round is co-led by Activant Capital (Boxed, Forter) and Tribe Capital, and includes personal investments from current and former leaders at retailers including Allbirds, Bombas, and Jet.com. The investments bring Bolt’s total funding to $90 million.
Ecommerce checkout platform Bolt raises $68 million in funding
[Forbes] Bolt, the San Francisco-based startup that operates an eCommerce checkout platform in the cloud, raised $68 million in venture funding bringing its total capital raised to date to $90 million. The Series B round of funding was led by Activant Capital and Tribe Capital and included personal investments from current and former retail and brand executives from REVOLVE, Crocs, Forever 21 and Jet.com among others.
Forbes 30 Under 30: Bolt
[Forbes] Bolt cofounders Ryan Breslow and Eric Feldman designed a software that gives small and large businesses a seamless, “Amazon-like” checkout system, with built-in fraud detection. The Stanford dropouts believe that the less fields an online shopper has to fill during checkout, the less likely they will abandon their cart.
Bolt: An end-to-end payments stack with zero fraud
[HackerNews] Bolt gives you full control over false positives: First, we put transactions through several layers to ensure the highest rates of order approvals. If our algorithm is about to reject, it goes through a human review process to ensure we’re approving as much as possible. – If we reject, you have a force approve time window to approve transactions if you disagree with our decision. You have final decision-making.
Bolt launches an Amazon-like checkout for the rest of retail
[TechCrunch] A startup called Bolt wants to give e-commerce retailers a better shot at competing with Amazon. Operating in stealth for a year, the payments platform has grown to 100 online merchants who are now in various phases of roll out with its end-to-end solution for managing customer checkout, payment processing, and fraud detection.