Overview

Bolt improves online shopping by offering secure payment solutions for e-commerce businesses. Its main product is a one-click checkout system that simplifies the payment process for shoppers. This system includes features like Passkey, which allows users to log in and check out using methods such as PIN, Touch ID, and Face ID, making transactions faster and more secure. Bolt stands out from competitors by guaranteeing a 20% increase in conversion rates for merchants, or they offer a money-back guarantee, showcasing their confidence in their technology. The goal of Bolt is to enhance the checkout experience for both online retailers and their customers, particularly appealing to tech-savvy consumers like Generation Z who prioritize convenience and security.

Simplify's Take

What believers are saying

• Integration with Synctera could expand Bolt's financial service offerings.
• Development of a 'super app' may enhance user engagement and retention.
• Focus on Generation Z's preferences could increase market share among younger consumers.

What critics are saying

• Super app launch may face integration challenges and service disruptions.
• Involvement with Synctera may increase regulatory scrutiny and compliance risks.
• Interim CEO appointment could lead to leadership instability and strategic misalignment.

What makes Bolt unique

• Bolt offers a one-click checkout solution enhancing e-commerce conversion rates.
• Passkey feature uses device-specific verification like Touch ID for secure transactions.
• Bolt guarantees a 20% conversion rate improvement or offers a money-back guarantee.

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Funding

Total Funding

$963M

Above

Industry Average

Funded Over

5 Rounds

Notable Investors:

Founders Fund

Notable Investors:

Founders Fund

$355,000,000

Series E

Jan 2022

Series E funding typically includes additional rounds after Series D if the company needs more capital. The business is usually stable, and these rounds are typically used for further expansion or to address market challenges.

Series E Funding Comparison

Above Average

Industry standards

Ind Avg. $100M

$30M

$245M

$250M

$355M

$1250M

$1500M

View all funding stages