×
522
Fashion Jobs
FOUR SEASONS RECRUITMENT
Ecommerce Manager
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Sales Supervisor
Permanent · LONDON
TOO FACED
Too Faced Business Manager, Boots - Oxford
Permanent · OXFORD
TOO FACED
Too Faced Business Manager - Boots, Leeds Trinity
Permanent · LEEDS
FOUR SEASONS RECRUITMENT
Merchandising Manager
Permanent · LONDON
360 RESOURCING
Account Manager
Permanent · LONDON
BIMBA Y LOLA
Sales Assistant Brompton Road
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant Brompton Road
Permanent · LONDON
BIMBA Y LOLA
Sales Assistant Richmond
Permanent · LONDON
HAYS RETAIL
Retail Operations Manager
Permanent · LONDON
NEXT RETAIL LTD
Home Design Consultant
Permanent · CAMBERLEY
NEXT RETAIL LTD
Warehouse Administrator
Permanent · DONCASTER
HAYS RECRUIMENT
E-Commerce Manager
Permanent · LONDON
HAYS RECRUIMENT
Eyewear Account Manager South London
Permanent · LONDON
NEXT RETAIL LTD
Home Design Consultant
Permanent · CARDIFF
NEXT RETAIL LTD
Sales Coordinator - Permanent
Permanent · LONDON
360 RESOURCING
Head Office Recruitment Consultant - Fashion Retail
Permanent · LONDON
360 RESOURCING
Temps Controller / Temps Recruitment Consultant - Fashion Retail
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Production Manager-Shoes & Slg-Luxury- London Salary up to £70k
Permanent · LONDON
DEPLOY LONDON
International Sales & Marketing Manager
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Digital Marketing Manager
Permanent · LONDON
TOO FACED
Too Faced Business Manager - Boots Brentwood, UK
Permanent · BRENTWOOD

US e-payment solution specialist Bolt raises $68 million in funding

Translated by
Nicola Mira
Published
today Jul 29, 2019
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

San Francisco-based Bolt, specialised in easy, secure online payment solutions for e-tailers, devised as a response to Amazon, recently completed a second funding round worth $68 million (€61 million). The new round increased the total amount of funding raised by Bolt since its creation in 2014 to $90 million.


Bolt’s solutions are designed to facilitate payments, chiefly to reduce the risk that e-purchasers change their minds - Bolt


The operation was backed notably by the Activant Capital and Tribe Capital investment funds, as well as by managers and former managers of Forever 21, Athleta, Crocs, Allbirds, Revolve, Bombas and Jet.com. Bolt indicated it managed 1.5 million transactions in the last 18 months, for a total value of $1 billion. Bolt’s streamlined payment solutions are estimated to have enabled its partners to realise additional sales worth $25 million.

“Amazon dominates the e-tail business in the USA, with a market share in excess of 50%, thanks to a smooth, ultra-easy purchasing experience,” said Bolt’s co-founder and CEO Ryan Breslow, adding that “nevertheless, the rest of the retail industry lags far behind in purchasing experience terms, and is heavily penalised for this. Bolt hopes to level the playing field by providing to all those who don’t work with Amazon the same kind of tech sophistication without their needing to deploy any technical resources.”

Bolt quickly caught the attention of Silicon Valley by poaching personnel from Google, Facebook, Uber, Airbnb and Pinterest. The company now has 125 employees and intends to use the funds to finance an acceleration in its expansion, as well as to forge closer links with payment platforms and loyalty programmes.

Copyright © 2020 FashionNetwork.com All rights reserved.

Tags :
Others
Business