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Bolt Picks New CFO, Grows Customer Base Despite Violence Cases in Kenya

Jul 06, 2023

Position

Chief Financial Officer

Company

Bolt

Mikko Salovaara
mikko.salovaara@bolt.eu
TallinnOtherSoftwareTransportationTravel

Description

Bolt has appointed a new CFO. Although it has faced legal challenges in Kenya, the company, which has been in operation for ten years, continues to maintain its position as one of the country’s most widely utilised ride-hailing apps.","Ride-hailing platform Bolt has picked Mikko Salovaara as its new chief finance officer . According to the firm founded a decade ago, Mikko will start his tenure in July 2023

Quick answer

Bolt Picks New CFO, Grows Customer Base Despite Violence Cases in Kenya (July 6, 2023). Bolt is based in Tallinn, Harju Maakond, Estonia.

What did Bolt announce on July 6, 2023?
Bolt has appointed a new CFO. Although it has faced legal challenges in Kenya, the company, which has been in operation for ten years, continues to maintain its position as one of the country’s most widely utilised ride-hailing apps.","Ride-hailing platform Bolt has picked Mikko Salovaara as its new chief finance officer .
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 is Bolt based?
Bolt is based in Tallinn, Harju Maakond, Estonia.
Which similar companies made leadership changes around the same time?
Incentive Solutions (June 29, 2023), inDrive (June 22, 2023), Turvo (July 20, 2023) and RideNow Group, Inc. (June 16, 2023) also announced leadership changes within 45 days of Bolt.

Source: Fundz verified event record.

Other recent leadership changes in Transportation and Travel

Executive moves at companies in the same sectors within 45 days, from Fundz verified event records.

Who to call at Bolt, and when

A new leader at Bolt brings new priorities and often new vendors. The first weeks are when they listen.

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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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Related People

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Bolt changed its leadership. Fundz had it the day it was filed, with the decision-maker at the company attached.

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