Bolt

Finally, a bunch of SMB-focused fintechs get investor love while M&A activity heats up

Fintech /

Welcome to TechCrunch Fintech! It’s finally cooling down here in my home base of Austin, Texas, and that makes me happy. In this week’s newsletter, we’re looking at a big raise in the embedded fintech software space, a flurry of M&A activity and SMB-focused fundraises and more. To get a roundup of TechCrunch’s biggest and […]

Finally, a bunch of SMB-focused fintechs get investor love while M&A activity heats up Read More »

Bolt reportedly threatens legal action against Silverbear Capital

Fintech /

In the latest twist in Bolt’s aggressive fundraising efforts, the fintech company’s CEO appears to have made a veiled threat of legal action against Silverbear Capital, the investment bank whose involvement in the deal remains in some dispute. “We believe there was some internal miscommunication at Silverbear Capital, one of our lead investors, which has

Bolt reportedly threatens legal action against Silverbear Capital Read More »

One of Bolt’s proposed new backers, The London Fund, has been scrubbing its web page

Venture /

One-click checkout tech company Bolt is still waiting to find out if shareholders will sign off on a proposed funding round with stipulations that founder Ryan Breslow would return as CEO. In the meantime, Axios’ Dan Primack did some digging around on The London Fund, a firm that is supposed to provide up to $250 million in “marketing credits”

One of Bolt’s proposed new backers, The London Fund, has been scrubbing its web page Read More »

VC leading Bolt’s hoped-for $450M deal confirms he’s offering ‘marketing credits’

Venture /

Ashesh Shah, the founder and CEO of The London Fund is, as you might imagine, bullish on Bolt. The London Fund is a UK venture firm with “over $1 billion in cash and assets” in AUM that is leading a proposed $450 million raise for Bolt, a one-click checkout startup that has been embroiled in

VC leading Bolt’s hoped-for $450M deal confirms he’s offering ‘marketing credits’ Read More »

Bolt’s wild ultimatum to its VCs will only succeed if they agree, expert says

Fundraising /

Bolt’s aggressive ultimatum to its existing shareholders – in which it told them to buy many more shares at higher prices or it would take back their shares for payment of 1 cent a share – will be an expensive uphill battle, an expert familiar with Bolt’s corporate charter tells TechCrunch. To recap: On Tuesday, when

Bolt’s wild ultimatum to its VCs will only succeed if they agree, expert says Read More »

Bolt founder Ryan Beslow wants to settle an investor lawsuit by returning $37 million worth of shares

Startups /

Bolt founder Ryan Breslow has proposed a settlement with investor Activant Capital this week, which could put an end to a lawsuit brought by Activant. The investor accused Breslow of adding $30 million to Bolt’s balance sheet in the form of personal debt and removing board members when they urged Breslow to repay it. Activant

Bolt founder Ryan Beslow wants to settle an investor lawsuit by returning $37 million worth of shares Read More »