×
71 795
Fashion Jobs
NORDSTROM
Asset Protection Agent - Cherry Hill
Permanent · Cherry Hill
NORDSTROM
Asset Protection Agent - Tysons Corner
Permanent · McLean
NORDSTROM
Asset Protection - Agent - Town Center at Boca Raton
Permanent · Boca Raton
NORDSTROM
Retail Stock - Tempe Marketplace Rack
Permanent · Tempe
NORDSTROM
Operations Manager_ Returns_ Sat-Mon 6am-6pm - Elizabethtown, PA
Permanent · Elizabethtown
NORDSTROM
Retail Stock - Winrock Town Center Rack
Permanent · Albuquerque
NORDSTROM
Retail Stock & Fulfillment - Houston Galleria
Permanent · Houston
NORDSTROM
Retail Stock - Christiana Fashion Center Rack
Permanent · Newark
GAP
Assistant Manager, Talent Operations - San Marcos Premium
Permanent · San Marcos
MACY'S
Asset Protection Detective, Menlo Park - Full Time
Permanent · Edison
MACY'S
Manager, Merchandise Execution
Permanent · East Wenatchee
JCPENNEY CAREERS 2018
Product Manager - Customer Service Application & Associate Fulfillment Tools
Permanent · Plano
ROSS STORES
IT Manager i (Supply Chain)
Permanent · Shafter
ROSS STORES
IT Manager i (Supply Chain)
Permanent · Brookshire
ROSS STORES
Purchasing Supervisor
Permanent · Dublin
ROSS STORES
Store Protection Specialist
Permanent · Holmes
ROSS STORES
Store Protection Specialist
Permanent · Medford
ROSS STORES
District Manager
Permanent · Bakersfield
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · San Leandro
UNIQLO
Human Resources Coordinator - Emeryville, ca
Permanent · Emeryville
UNIQLO
Loss Prevention Supervisor- Westfield Valley Fair Mall
Permanent · Santa Clara
UNIQLO
Loss Prevention Agent (Full-Time) - Santa Monica Place
Permanent · Santa Monica
Translated by
Nicola Mira
Published
Jul 29, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

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

Translated by
Nicola Mira
Published
Jul 29, 2019

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 © 2022 FashionNetwork.com All rights reserved.

Tags :
Business