oneclick

Enterprise

Bolt’s One-Click Checkout Company Announces Departure of CEO Maju Kuruvilla

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?

Ava Patel
March 25, 2024

Enterprise

Bolt, the One-Click Checkout Company, Announces Additional Layoffs

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.