Overview

Bolt enhances the online shopping experience by offering a one-click checkout solution for e-commerce businesses. This system simplifies payments through features like Passkey, which allows users to log in and check out using device-specific verification methods. Bolt distinguishes itself from competitors with a performance-based guarantee, promising a 20% improvement in conversion rates or a money-back offer. The company's goal is to provide a faster, easier, and more secure checkout experience, particularly for tech-savvy consumers.

Simplify's Take

What believers are saying

• Partnership with Checkout.com enhances Bolt's technology and merchant adoption.
• Growing Generation Z demographic values convenience, aligning with Bolt's offerings.
• Performance-based pricing models support Bolt's money-back guarantee strategy.

What critics are saying

• CEO departure may affect strategic direction and investor confidence.
• 97% share price reduction indicates potential financial instability.
• Expansion into Zimbabwe may lead to operational inefficiencies.

What makes Bolt unique

• Bolt offers a one-click checkout solution enhancing user experience and conversion rates.
• The Passkey feature uses biometric authentication, aligning with growing security trends.
• Bolt's money-back guarantee attracts merchants by promising improved conversion rates.

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Funding

Total Funding

$936.7M

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