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Fintech Startup Bolt Sees Valuation Surge to $6 Billion
Company says it’s building a universal checkout login that will help retailers compete with Amazon’s speed. European expansion is next.
Ryan Breslow, the 27-year-old founder of Bolt, is taking the company’s checkout software to Europe next year.
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A startup that’s trying to bring Amazon’s speedy one-click checkout to the rest of the internet saw its valuation jump to $6 billion.
Bolt Financial Inc., founded in 2014, raised $393 million in its latest round to bring total funding to $600 million, the company said. In December, the company was valued at $850 million, according to researcher PitchBook. Earlier this year, Bloomberg reported the company was eyeing a $4 billion valuation.