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The controversy co-founder of Bolt Ryan Breslow, which one returned as CEO before this monthTalked on Monday on the personal loan of $ 30 million that took it from his company that disappeared the legal battle and contributed to their (temporary) ouster.
Breslow also announced that the bolt launch a “all app” integrating the checkouts in a click for everything by crypto to financial services. “
The legal battle on the loan started in 2023, when the bolt investor activated Breslow. Tortion Claimed Breslow Saddled the startup with $ 30 million in debt Loan to that amount and then predicting, with business funds used to pay again.
The case was eventually settledWith bolt of agreement to resume active actions for $ 37 million last year.
Talking to FINALPTUP FINAL In Las Vegas yesterday, Breslow defended the loan, in craming it the add of loyalty to Bolt Plasting Than the Autodet the active ideas
I said the loan in instead of selling her store in a secondary transaction and the loan was unanimously approved from the bolt board.
“It was made to be pro-Bolt,” Breslow said. “I have taken it instead of selling some significant secondary. I wanted to show all our investors that I have all my chips in, I believe in the stock I don’t get my actions.”
Breslow said he had a long time to pay the loan, and waited to bolt to IPO to do. Told you after you have left the backfighter, in the conservatory in the loan, that he saw as “a bit of an attack.”
BRESLOW, BOLDER BOLDER FOUNDER, pissed as CEO at the beginning of 2022. In the years between then and his return this year, also faced the allegations he has incorrect investors and security laws violated by Inflated metric While fundraising the last time he run the company.
Monday, Breslow admitted that he did “a ton of mistakes” – but said they were not charged with. Save his main mistake as lets join people on the table, that he “did not know. (No a specÃncy to whom).
‘Super’ app in the works
Now that is back as CEO, he has told a new “Super app” that integrates the E-Commerce Checkout Checkout on a wide array of services.
“Only one-click, we go to everything: Financial, peer, peer, crip, produced, financial products, all in a single app”
Breslow Compare Bolt to Revolut UK Fintech, which has been assessed at $ 45 billion last yearasserting bolt has 80 million “walled to 45 million revolut, skilled admittee has also has” moneted our consumers. “
Indeed, the Arr Ask at approximately $ 28 million with $ 7 million in the thick profit as at the end of May 2024, of publication of the public last year. I am That is small compared to revolut that has announced $ 2.2 billion revenue and $ 545 million in profits (prior to the tax) for 2023 only.
The large question remaining on the bolt is the status of its next fundraise. In August, August, news breaks about a 450 million treatment of $ 450 million fundraise. But he climbed the questions about their unusual use of $ 250 million in “Marketing Credits” and lack of confirmation from An investor wrongly identified as their boss.
Some of the bolt investors, including blackrock and hedosophy, damaging to block the round, forbes reportedBut this has been removed volunteers from all matches, bolt announced today.
On breslow during its vouchers that “all of the jigs against him are” fully placed “but it doesn’t provide a fault of $ 450 billion.
If they comedy, for quadued “of her experienced” and found a new part to perform bolt after its faith and he – its start-it was different.
“You know, I obviously gain errors, but I have a very big chip on my shoulder,” he said. “I am ready to take bolt to the really new height.”
Blackrock and hedosophy did not respond to a comment request.
