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Bolt

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Bolt
Formerly
Bitco Financial
Type
Private
IndustryE-commerce, Financial software
Founded 📆February 2014; 6 years ago (2014-02) in San Francisco, CA, United States
Founders 👔Ryan Breslow
Headquarters 🏙️,
San Francisco, CA
,
Area served 🗺️
Key people
  • Ryan Breslow (CEO)
  • Adam Lawrence (COO)
Services
  • E-commerce checkout
  • Fraud detection
  • Payments
Members
Number of employees
101-250 (2019[1])
Websitebolt.com
address
telephone

Bolt is a privately held technology company that provides the world’s first checkout experience platform for online retailers.[2][3] The company was founded in 2014 and is headquartered in San Francisco, California.[4]

History[edit]

Bolt was co-founded in 2014 by Ryan Breslow while he attended Stanford University.[5]

Bolt's checkout was developed to integrate with popular ecommerce providers BigCommerce,[6] WooCommerce, Magento, and Salesforce Commerce Cloud.[7]

In January of 2019, Bolt reported handling an annualized payment volume of more than $1 billion.[8]

Investment[edit]

The company’s early investors include: Naval Ravikant, Jake Seid, Trevor Traina, Tom Proulx, Stanford’s StartX Fund, Founders Fund, Human Capital, ZhenFund, Great Oaks Venture Capital, Streamlined Ventures, and Floodgate. In July 2019, Bolt announced the closure of a $68 million Series B funding round co-led by Activant Capital and Tribe Capital, bringing their total funding amount to approximately $90 million.[9]

Bolt investment history
Date Funding type Number of investors Money raised Lead investor(s)
2018 June 1 Series A 25 $22M
2019 July 9 Series B 8 $68M Activant Capital, Tribe Capital

Industry recognition[edit]

  • 2019 Inc. Best Workplaces[10]
  • 2019 Forbes FinTech 50[11]
  • 2019 CNP Award for Best Mobile Solution: Customer Choice[12]
  • 2019 Entrepreneur 360 Award[13]
  • 2019 Breakout List: Great Companies To Apply To[14]
  • 2019 Leading 100 for break-out tech start-ups in the retail and fashion industry[15]

References[edit]

  1. "Bolt". Crunchbase. Crunchbase. Retrieved 20 November 2019.
  2. Perez, Sarah (23 January 2018). "Bolt launches an Amazon-like checkout experience for the rest of online retail". Techcrunch. Techcrunch. Retrieved 20 December 2019.
  3. kpaddle10 (23 January 2018). "Bolt: An end-to-end payments stack with zero fraud". Y Combinator. Hacker News. Retrieved 20 December 2019.
  4. Pimentel, Benjamin (9 July 2019). "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". Business Insider. Insider Inc. Retrieved 20 December 2019.
  5. Valet, Vicky; Carbonara, Peter; Klich, Tanya (9 July 2019). "30 Under 30 2019: Retail & Ecommerce". Forbes. Forbes. Retrieved 20 December 2019.
  6. Woodward, Kevin (11 September 2018). "Bolt and BigCommerce Team Up on an Instant Checkout Service". Digital Transactions. Bolland Hill Media. Retrieved 20 December 2019.
  7. Bolt on BigCommerce.com
  8. Kharif, Olga (9 January 2019). "The Race to Become the Next Stripe, PayPal or Square Heats Up". Bloomberg. Bloomberg. Retrieved 20 December 2019.
  9. Mascarenhas, Natasha (9 July 2019). "Bolt Raises $68M For The "Perfect" Online Checkout". Crunchbase. Crunchbase. Retrieved 20 December 2019.
  10. Inc Staff (16 May 2019). "The 346 Best Places to Work in 2019". Inc. Mansueto Ventures. Retrieved 20 December 2019.
  11. Kauflin, Jeff (4 February 2019). "Fintech 50 2019: The Newcomers". Forbes. Forbes. Retrieved 20 December 2019.
  12. CNP Awards (23 May 2019). "2019 Winner Best Mobile Solution: Customer Choice". CNP Awards. RELX. Retrieved 20 December 2019.
  13. Entrepreneur Staff (1 October 2019). "2019 Entrepreneur 360". Entrepreneur (magazine). Entrepreneur Media. Retrieved 20 December 2019.
  14. Breakout Staff (27 November 2018). "2019 Breakout List: Great Companies To Apply To". Breakout List. Breakout List. Retrieved 20 December 2019.
  15. The Lead Staff (28 May 2019). "The Leading 100: The break-out tech start-ups innovating across the fashion & retail industry". The Lead. The Lead Quarterly. Retrieved 20 December 2019.

External links[edit]

Category:Cloud applications Category:Cloud infrastructure Category:Cloud storage Category:Free software programmed in Go


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