Browse recent press releases and media coverage.
[Forbes] With eCommerce taking off amid the COVID-19 pandemic, Bolt the checkout technology platform company is raising $50 million in a new round of venture funding. The Series C financing was led by Laurence Tosi at WestCap and included participation from existing investors Activant Capital, Tribe Capital, Glynn Capital, and Human Capital.
Bolt, the world’s first Checkout Experience Platform, today announced that it has joined the Adobe Exchange program as a Premier partner. The Adobe Exchange Premier-level partnership recognizes best-in-class technology solutions that help drive innovation, and Bolt joins as one of 24 Premier technology partners. Bolt will provide Magento Commerce merchants with a hyper-optimized, dynamic checkout experience that scales as they grow, creating a durable and future-proof experience for shoppers during their buying experience.
Bolt, the world’s first Checkout Experience Platform, today announced it has been named a BigCommerce Elite Technology Partner, providing more than 60,000 BigCommerce customers access to one holistic platform to easily manage and improve checkout, payments, and fraud protection. BigCommerce customers can integrate Bolt’s technology through the BigCommerce App Marketplace. Since 2018, Bolt has provided its checkout solution to over 80 enterprise BigCommerce customer stores, helping these businesses increase lifetime value through single-click return checkout, faster guest checkout, better approval rates, reduced fraud, and improved overall customer satisfaction scores.
[Chain Store Age] Seeking an online and mobile checkout solution that would save time for staff and provide customers with a safe, secure, and pleasant experience, TYLER’S wound up selecting and implementing the Bolt checkout experience platform… “Bolt really stuck out to us because it addresses checkout and fraud together, meaning we could address our fraud issue while also improving the experience shoppers have at checkout,” said Dermit. “One of the key features for us was how easy Bolt made it for customers to place orders by offering a smooth, fast, mobile-optimized experience that includes a single-click checkout for returning shoppers.”
A newly expanded partnership between BigCommerce and checkout platform Bolt is aiming to make easy purchasing processes more accessible. BigCommerce customers will now be able to leverage Bolt’s fraud and checkout products in a fully integrated workflow, accelerating time to market and letting smaller retailers compete on the e-commerce stage. Prior to this announcement, Bolt had been the preferred checkout partner of over 80 of BigCommerce’s enterprise customer stores; now as one of its Elite Technology Partners, Bolt will be made available to the full 60,000 merchants who currently utilize BigCommerce.
[Built in SF] San Francisco-based fintech startup Bolt announced it raised $50 million in a Series C funding round on Thursday. Bolt manages the back-end of the checkout process for online retailers in order to provide a more seamless front-end experience for online shoppers. According to the company, over 70 percent of online shoppers abandon their orders prior to checking out. Bolt’s mission is to help solve that problem.
[Crunchbase] San Francisco-based Bolt unveiled what Breslow says is the world’s first checkout experience platform, powered by a $50 million Series C round of funding led by WestCap’s Laurence Tosi. Bolt, founded in 2014, gives retailers and consumers more choice, control and flexibility over their transactions by managing the back end of the checkout—presenting payment options, securely processing payments, and mitigating fraud—while providing a seamless front end experience.
[CBInsights] CB Insights has unveiled the third annual Fintech 250 — a list of 250 of the top private fintech companies using technology to transform financial services. Bolt was selected by CB Insights’ Intelligence Unit from a pool of 16,000 companies, including applicants and nominees.
[Cision PRWeb] Bolt, the world’s first Checkout Experience Platform, today announced that it has joined the Adobe Exchange program as a Premier partner. The Adobe Exchange Premier-level partnership recognizes best-in-class technology solutions that help drive innovation, and Bolt joins as one of 24 Premier technology partners.
[cheddar] ECommerce tech startup Bolt raises $50 million in fresh funding. Ryan Breslow, CEO of Bolt, joins Cheddar to talk about the company’s checkout experience platform.
[GeatPlaceToWork] Over 93% of employees at Bolt say it is a great place to work. Learn more about the company culture and benefits of working at Bolt from our profile on Great Place to Work.
[Cision PRWeb] Bolt, the checkout platform giving Amazon a run for its money, today launches Retailers Give Back- its latest initiative to support retailers negatively impacted by COVID-19. Backed by Bolt’s Retail Coalition, Retailers Give Back highlights the many ways in which retailers are serving their communities by donating their time, money, products, and services to fight the crisis.
[Daily Mail] As a way to raise consumer awareness for online retailers that are doing their part to give back during the coronavirus pandemic, Bolt has launched Retailers Give Back. Retailers Give Back is a comprehensive index on the web highlighting the ways retailers are contributing to the fight against COVID-19.
[Business Insider] Bolt launches Retailers Give Back – its latest initiative to support retailers negatively impacted by COVID-19. Backed by Bolt’s Retail Coalition, Retailers Give Back highlights the many ways in which retailers are serving their communities by donating their time, money, products, and services to fight the crisis.
[Daily Mail] Bolt has launched Retailers Give Back as a way to raise consumer awareness for online retailers that are doing their part to give back during the coronavirus pandemic.
[Fortune] We’re excited to share that Fortune included Bolt on their list of Best Workplaces in the Bay Area for 2020. One of our top priorities at Bolt is cultivating a culture of openness and excellence, which is why we’re excited to see our hard work recognized on this year’s list.
[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.
[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.
[Fortune] Today, Bolt was announced as one of Fortune’s 50 Best Small Workplaces for 2020. About us: Bolt is creating a better-than-Amazon checkout experience for any ecommerce business. Uniting checkout, payments, and fraud detection under one hood allows us to maximize performance on each individual piece.
[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.
[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.
[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.
[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.
[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.
[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] 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.
[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.
[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.