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Stack Capital Invests $6 Million USD Into Bolt Financial
Stack Capital Invests $6 Million USD Into Bolt Financial Canada NewsWire ...
About this update from Stack Capital Group, Inc.
[{"type":"text","content":"\n \n \n \n Stack Capital Invests $6 Million USD Into Bolt Financial\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TORONTO\n \n ,\n \n Oct. 13, 2021\n \n /CNW/ - Stack Capital Group Inc. (\"Stack Capital\") (TSX: STCK) (TSX: STCK.WT) is pleased to announce that it has invested\n \n $6 million USD\n \n directly into Bolt Financial, Inc. (\"Bolt\") – the world's first federated One-Click checkout experience platform; connecting millions of shoppers to a wide array of retailers in a unified cross-brand network, and a member of the 2021 Forbes Fintech 50 list.  This new raise brings Bolt's total funding to over\n \n $600 million\n \n and the company has big plans to bring one-third of all US shoppers on its platform by 2022.\n \n \n \n \n \n \n \n \n \n Headquartered in\n \n San Francisco, California\n \n , Bolt solves the complicated technological challenges involved in checkout, fraud detection, and digital wallets making the online checkout process fast, safe, and easy on any device.  The Bolt network allows any shopper with a registered account to benefit from One-Click checkout across any Bolt merchant site, regardless of whether the shopper has purchased from that merchant before, resulting in a conversion rate that is 50% higher than guest checkout.  Bolt also has the ability to cover 100% of fraudulent chargebacks, highlighting the confidence level in its fraud detection technology.  Today, Bolt partners with hundreds of retailers, with thousands more coming on-line, and has just crossed the milestone of 10 million registered shoppers.\n \n \n \"Bolt is the type of innovative and disruptive business that Stack Capital seeks to invest into and support\", said\n \n Jeff Parks\n \n , CEO of Stack Capital.  \"Bolt has already reached critical mass, established product market fit, and is on a path towards accelerated growth.\"\n \n \n To access a copy of Bolt's press release dated\n \n October 12, 2021\n \n , please\n \n click here\n \n .\n \n \n \n About Stack Capital\n \n \n \n Stack Capital ...