Bolt, an American financial technology start-up that provides merchants with software to facilitate one-click online checkouts in e-commerce environments, has faced a turbulent journey marked by a sharp rise in valuation during the pandemic (and subsequent fall), followed by internal conflicts, legal troubles, and multiple layoffs. Despite these challenges, founder Ryan Breslow has announced that he is returning as CEO and is raising a fresh $450 million at a $14 billion valuation from investors in the United Arab Emirates and the U.K. The new round, however, may fuel further investor tensions, as existing investors are pressured to double their stake or face significant losses.
Bolt Looking to Raise $450M as Breslow Returns
