×
275
Fashion Jobs
VF
Area Manager, Dickies hk
Permanent · 香港
CONNECTEDGROUP LTD
Garment Technician (Womenswear/Menswear)
Permanent · KWUN TONG
CONNECTEDGROUP LTD
Product Manager (Fashion &Amp; Hardgoods)
Permanent · KWUN TONG
CONNECTEDGROUP LTD
Global Sustainability Manager (Textile)
Permanent · KWUN TONG
EMMA WALLACE CO LTD
Brand Manager
Permanent · HONG KONG
EMMA WALLACE CO LTD
Sales Manager
Permanent · HONG KONG
BESTEAM PERSONNEL CONSULTANCY LTD.
General Merchandising Manager (Ladies’ Knit & Sweater)
Permanent ·
BESTEAM PERSONNEL CONSULTANCY LTD.
General Merchandising Manager / Divisional Merchandising Manager (Ladies Woven)
Permanent ·
BESTEAM PERSONNEL CONSULTANCY LTD.
Divisional Merchandising Manager (Ladies Knit)
Permanent ·
BESTEAM PERSONNEL CONSULTANCY LTD.
Divisional Merchandising Manager (Ladies’ Sweater)
Permanent ·
BESTEAM PERSONNEL CONSULTANCY LTD.
q.a. Manager (All Garments) (Offshore Countries)
Permanent ·
BESTEAM PERSONNEL CONSULTANCY LTD.
Merchandising Manager / Senior Merchandising Manager (Ladies’ Knit / Ladies’ Sweater)
Permanent ·
VF
Senior Visual Merchandising Manager
Permanent · 香港
VF
Assistant Regional Merchandising Manager, Lifestyle Footwear
Permanent · 香港
EASTWOOD CONSULTANTS LIMITED
Accounting Manager - Luxury Brand
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Senior Administration Manager, Retail
Permanent · Hong Kong
VF
Assistant Merchandising Manager
Permanent · 香港
PUMA
Executive, Sales
Permanent · Hong Kong
VF
Senior Finance Analyst
Permanent · 香港
VF
Assistant Regional Merchandising Manager - Men Apparel
Permanent · 香港
VF
Senior Manager, Global Supply Planning
Permanent · 香港
VF
Senior Financial Analyst
Permanent · 香港

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

Translated by
Nicola Mira
Published
today Jul 29, 2019
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

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 © 2020 FashionNetwork.com All rights reserved.

Tags :
Others
Business