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Bolt To Acquire Wyre, Accelerating Mainstream Adoption Of Cryptocurrency

Apr 07, 2022

Acquiring Company

Bolt

Acquired Company

Wyre

TallinnOtherSoftwareTransportationTravelOtherSoftwarePaymentsPrivacy And Security

Description

Bolt, a leading checkout and shopper network company, today announced its definitive agreement to acquire Wyre, a groundbreaking cryptocurrency infrastructure provider. The acquisition, which is anticipated to close later in 2022, comes amid growing demand for purchasing goods and services with cryptocurrency and the opportunity of Web3. By joining forces, Bolt and Wyre will build commerce solutions for mainstream, secure cryptocurrency usage for millions of shoppers, retailers, and developers.

Quick answer

Bolt is acquiring Wyre, announced April 7, 2022. Bolt is based in Tallinn, Harju Maakond, Estonia.

How much did Bolt pay for Wyre?
The deal value was not disclosed.
What does Bolt do?
As a measure of its growth, in August, when the company announced that previous round, it had 75 million customers.
Where are Bolt and Wyre based?
Bolt is based in Tallinn, Harju Maakond, Estonia.
Who are the decision-makers at Bolt?
Fundz holds 1 contact at Bolt. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Bolt

Location

268 Bush Street #4214

Tallinn, Harju Maakond, Estonia

About

As a measure of its growth, in August, when the company announced that previous round, it had 75 million customers. Bolt now has more than 100 million customers in 45 countries and 400+ cities using its services. Bolt was founded eight years ago in Tallinn, Estonia (originally as Taxify), with a mission to bring ride hailing to emerging markets and countries where others like Uber had yet to gain a strong foothold, a strategy that it used to expand modestly across regions like Central and Eastern Europe and Africa, in the process attracting investors like China’s Didi — itself having built a massive business in its own home emerging market. (Didi quietly divested its stake in Bolt last year.)Over time, the focus has remained on Europe and Africa, but Bolt found that a lot of its learnings from those first launches could just as easily be applied in more developed countries, with more lucrative payoffs. “We started off in Eastern Europe and Africa because those markets had a bigger need.

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Frequently asked

Who acquired Wyre?

Wyre was acquired by Bolt, based in Tallinn. The deal was reported on April 7, 2022. As a measure of its growth, in August, when the company announced that previous round, it had 75 million customers. Bolt now has more than 100 million customers in 45 countries and 400+ cities using its services. Bolt is privately held and operates in Other.

When did Bolt acquire Wyre?

Bolt's acquisition of Wyre was reported on April 7, 2022. Bolt, a leading checkout and shopper network company, today announced its definitive agreement to acquire Wyre, a groundbreaking cryptocurrency infrastructure provider. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Wyre do?

Wyre is the leading fiat-to-crypto and payment infrastructure company for the crypto ecosystem. Focusing on developers, the company provides easy-to-integrate APIs which enable thousands of developers to bring crypto to the masses. It is privately held, operating in Other.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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