Bolt Financial, Inc.
Fintech
Bolt is a pioneering ecommerce solution focusing on revolutionizing the online shopping experience through its advanced checkout system. It simplifies transactions for over 80 million shoppers by offering a payment- and platform-agnostic service that integrates seamlessly with any brand, promising to enhance conversion rates significantly.
Founded: 2014
Maju Kuruvilla Chief Executive Officer |
Tina Fan Chief Customer Officer |
Todd Scarpato Chief Revenue Officer |
Ryan Breslow Co-Founder and Chairman |
The SEC said in a letter to the company that it won't recommend any action against the startup, following an investigation into whether Bolt violated securities laws during fundraising.
A private equity firm sued Bolt Financial Inc. founder Ryan Breslow, claiming he stacked the board with loyalists to shield himself from accountability over a scheme to siphon $30 million from the payments business.
Revolve and Bolt have announced their partnership with FWRD to provide the latter's new Los Angeles pop-up shop with their omnichannel Checkout Links. Bolt will provide checkout services for FWRD’s first pop-up shop in Los Angeles.
Bolt announced its partnership with Casper Sleep Inc. to offer its customers a streamlined, one-click checkout experience. Casper leverages Bolt's API-based, modular checkout experience without replacing its existing user interface.
Bolt reportedly laid off 10% of its workforce on Tuesday (Jan. 24), and has let go of half its staff since it began layoffs last May.