12 hours ago
Bolt's Breslow Is Back With a $600 Million Pitch to Investors
Ryan Breslow, the chief executive officer of one-click checkout company Bolt Financial Inc., is back with a fresh pitch to investors — seeking to raise $600 million, according to people familiar with the matter. Previous attempts by Breslow to raise cash hit roadblocks.
The pitch asks for funding to be evenly split between Breslow's two companies, Bolt and Shops LLC, said one of the people, all of whom asked not to be identified because the information is private. Bolt is a financial technology company that reached a $11 billion valuation before it was accused of overstating customer relationships and the capacity of its technology (a lawsuit from its largest customer is now settled). Love is a wellness startup Breslow co-founded that sells soaps, supplements and other products.
