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Full-Time

Principal Account Manager

Posted on 6/27/2024

Bolt

Bolt

501-1,000 employees

One-click checkout solutions for e-commerce

Consumer Software
Fintech

Compensation Overview

$150k - $250kAnnually

+ OTE

Senior, Expert

Remote in USA

Category
Strategic Account Management
Sales & Account Management
Requirements
  • Passion for serving as a trusted advisor
  • Commercially and growth-oriented
  • Avid learner
  • Love for technology
Responsibilities
  • Manage both Mid-Market and Enterprise accounts
  • Be a thought leader for customers
  • Partner with internal teams
  • Influence cross-functional stakeholders
  • Identify growth opportunities
  • Problem solve for portfolio

Bolt improves the online shopping experience by providing secure payment solutions for e-commerce businesses. Its main product is a one-click checkout system that simplifies the payment process for online 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 differentiates itself 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 in their shopping.

Company Stage

Series D

Total Funding

$699.5M

Headquarters

San Francisco, California

Founded

2014

Growth & Insights
Headcount

6 month growth

6%

1 year growth

0%

2 year growth

-9%
Simplify Jobs

Simplify's Take

What believers are saying

  • Bolt's partnership with Checkout.com enhances its e-commerce ecosystem, potentially leading to higher conversion rates and better shopper experiences.
  • The company's innovative solutions and performance guarantees can attract a broad range of e-commerce businesses, driving growth and market penetration.
  • Bolt's expansion into new markets, such as its ride-hailing services in Africa and Europe, diversifies its revenue streams and increases its global footprint.

What critics are saying

  • The recent steep decline in Bolt's valuation and investor buybacks could indicate financial instability and affect employee morale.
  • Frequent changes in leadership, such as the recent appointment of an interim CEO, may lead to strategic misalignments and operational disruptions.

What makes Bolt unique

  • Bolt's one-click checkout solution, including features like Passkey, significantly reduces friction in the payment process, setting it apart from traditional multi-step checkout systems.
  • The company's performance-based guarantee to improve conversion rates by 20% or offer a money-back guarantee demonstrates a strong commitment to delivering measurable results.
  • Bolt's focus on secure, device-specific verification methods like PIN, Touch ID, and Face ID appeals to tech-savvy consumers, particularly Generation Z.

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Benefits

Comprehensive health coverage: Medical, dental & vision

Remote-first workplace

4 day work weeks

Time away: Flexible PTO, paid holidays + floating holidays and your birthday off

Equity Early Exercise Program

Paid parental leave

Phone, Utilities, and Wellness stipends

Competitive Pay

Retirement plans

Virtual and in-person team & company events

INACTIVE