4 ms·
Ouch, they are valued at $11 billion, that's insane. I smell a lot of bag holders. How do they explain this valuation in a market where payment processors are
by sonicggg 4y ago
Ouch, they are valued at $11 billion, that's insane. I smell a lot of bag holders.
How do they explain this valuation in a market where payment processors are a dime a dozen? I purchase a lot of stuff online, and have yet to find a merchant that uses Bolt.
- threeseed 4y agoBecause it's not a payment processor. It's instead a polished, hosted UI component that integrates with payment processors. And the valuation is because they have a lot of customers and they clearly make a lot of money.
- nrmitchi 4y agoAccording to their "shopping network" they have 249 merchants in their network. Note that this is their "shopping" page, so it doesn't make sense for them to hide customers. Their ARR is reportedly $40M. This gives a ARR multipe of.... 275x. Which is ridiculous. And, as you mentioned too, they're not a payment processor. They're a hosted UI. It would be interesting if the cost of processing fees is accounted for in the reported ARR numbers.
- runeks 4y ago> […] they clearly make a lot of money. Clear from what?
- sonicggg 4y agoIn that case they offer even less value than I imagined.
- deleted 4y ago[deleted]