Maju Kuruvilla is no longer CEO of one-click checkout company Bolt.
Kuruvilla didn’t have much to say about the change but did confirm it both on LinkedIn and X, by posting, simply “One-Click Checkedout from @bolt!
Kuruvilla, the former Amazon executive, took over as CEO in January 2022 after founder Ryan Breslow stepped down.
That is when Bolt was seeking a $355 million Series E round that valued the company at $11 billion.
More recently, Bolt signed a deal with Checkout in which Bolt became Checkout.com’s “exclusive one-click checkout provider” and Checkout.com becoming “Bolt’s preferred payment partner.”Want more fintech news in your inbox?
General Motors has resumed sales of the Chevrolet Blazer EV — and at a cheaper price — more than two months after the automaker pulled the vehicle over software problems.
The company temporarily halted sales of the Blazer EV in December after early customers reported problems with the SUV’s infotainment screen and charging at DC fast charging stations.
GM said in a statement that the company “made significant software updates that will improve features and functionality to deliver on the high expectations of our customers.
Existing Blazer EV owners will have to bring their car into a GM dealership for a software update to address any potential problems going forward.
The company says it has improved its quality testing and software processes to prevent similar problems in the future.
What a yearThis is the last edition of The Interchange for 2023 — it’s hard to believe that the year is almost over.
In May 2022, Mary Ann reported at least 185 employees, or one-third of its workforce, were let go.
Mary Ann reported on a couple of high-profile executive departures this week.
Mustard’s decision to step down marks the third known high-profile executive departure at Credit Karma in 2023.
Then she wrote about how Opendoor co-founder Eric Wu is leaving the real estate fintech company after 9 years to get back to his startup roots.
E-commerce and fintech company Bolt, which was at one time the subject of a federal probe, confirmed it laid off 29% of its staff, according to a company spokesperson.
This latest round of layoffs, which the spokesperson said happened last week, follow a handful of other layoffs made by the company since 2022.
It’s not clear how many employees the company had at the time of the layoffs or which roles were impacted.
The company, which provides software to retailers to speed up checkout, raised around $1 billion in total venture-backed funding and at one time was valued at $11 billion.
The company announced partnerships with retailers, including Saks OFF 5TH, Shinola, Filson, Lafayette 148 and Toys”R”Us, in November.
Bolt plans to open its first ride-hailing service in Nepal this month, with the aim of providing an affordable, convenient and reliable transportation option for residents. The company is hoping…
In the short time since Tanzania capped commissions e-hailing firms like Uber and Bolt charge their partners at 15%, many drivers have seen their earnings increase substantially. However, as of…
