INSUBCONTINENT EXCLUSIVE:
Ryan Breslow is officially back.While the founder of one-click checkout company Bolt re-assumed its helm as CEO in March, Breslow is
NewsRoom.The controversial entrepreneur famously stepped down in January 2022 from the San Francisco-based company he started in 2014 after
In recent years, Breslow has been the target of more than one investor lawsuit and faced allegations that he misled investors and violated
Its advantage, Breslow claims, is the ability to do what all these others do from one place via mobile.For example, the app will allow users
to buy, sell, send, and receive major cryptocurrencies such as Bitcoin, Ethereum, USDC, Solana, and Polygon directly within the app
Bolt 11 years ago to build the easiest app to buy, sell, and send crypto
(Bolt in 2022 paid $1.5 billion for cryptocurrency payments company Wyre
pick up where Zelle left off with the shutdown of its standalone app
With Zelle, users can only send payments to peers through banking apps.On top of that, Bolt has partnered with Midland States Bank to now
also offer a debit card that features a rewards program, including up to 3% direct cash back on eligible purchases and up to 7% in Love.com
(Love.com is another startup founded by Breslow in 2023 that is focused on health and wellness
as Klarna offer in their app, as well.The app is available today in iOS and will soon be available in the Google Play store
Presently, Bolt has about 140 employees.Despite lackluster revenue growth, Breslow claims that Bolt has managed to still grow in terms of
When I left, it was at 10 million
fintech company last year was reportedly trying to raise $450 million in an unusually structured deal that would have valued it at $14
the founder had taken out
Activant claimed Breslow saddled the startup with $30 million in debt by borrowing that amount and then defaulting, with company funds used
Fintech Meetup in Las Vegas in March, Breslow defended the loan, framing it as an act of loyalty to Bolt rather than the self-dealing the
$1 billion in total venture-backed funding and at one time was valued at $11 billion
Investors include funds and accounts managed by BlackRock, Schonfeld, Invus Opportunities, CreditEase, H.I.G
Growth, and Moore Strategic Ventures, among others.
