3/29/2023 0 Comments Startup bleeding edgeUsing one-click technology increases online ordering by more than 60% and therefore dramatically reduces cart abandonment. I actually use it all the time.Īnd for merchants, the single largest problem in e-commerce is that as much as 70% of e-commerce carts are left abandoned without purchase.īolt helps solve that problem. So the next time they make a purchase, it really is just one-click. Bolt also integrated its tech with other software companies that serve the world of e-commerce, supporting functions like taxing, shipping, financing, payments, and other back-office functions that every e-commerce business relies on.Īfter any consumer uses Bolt once, their payment, phone, and address details are on file. But the tech is hard.īolt’s value to merchants who partner with it is that its tech makes it easy to enable online payments on any website or software application. It sounds easy, and it certainly is for the consumers. And its product was simple – one-click shopping. I invested in the company back in 2016 during its very first Series A venture capital (VC) round, which took place at a $54 million valuation.īolt was a tech-driven software company at the time entirely focused on the e-commerce market. It’s an incredible company whose tech I’d bet all of us have used, but very few of us have ever heard of…īolt Financial – usually just referred to as Bolt. The next day one investment that I’d like to share is a company that is deep in the weeds of fintech (financial technology). Every restaurant in the world will adopt this tech….
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