Bolt Raises $355 Million at $11 Billion Valuation

Bolt is an online checkout platform that is developed to provide users with the opportunity to focus only on their brand while Bolt improves the process of purchasing. Bolt helps its customers in solving a variety of challenges in fraud detection, checkout, and digital wallets.

The Series E funding round was led by fund manager BlackRock Inc. Other investors were Schonfeld, Invus Opportunities, H.I.G. Growth, CE Innovation Capital, Activant Capital, and Moore Strategic Ventures. The funds raised will be used for international market expansion, product development, and new employee hiring.

Bolt, San-Francisco-based, was founded by Eric Feldman and Ryan Breslow (CEO) in 2014. With the company’s checkout service, shoppers and retailers can be sure that the payment process for their products is hassle-free and secure. Moreover, on the platform clients get merchant analytics solutions and fraud protection. Among customers are Lucky Brand, Forever 21, and Juicy Couture. Now, Bolt has four offices in San Francisco, Salt Lake City, New York, and Toronto. The company is in the Forbes Fintech 50, Inc. 5000, Deloitte Tech Fast 500, and Fast Company Best Workplaces for Tech Innovators.

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