Fintech startup Bolt is still seeking a $14 billion valuation in new funding after its CEO's viral Twitter rant about Stripe and Y Combinator
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Bolt, a San Francisco fintech startup that provides an online checkout solution for other companies, is still in talks to raise new money at a valuation of $14 billion, according to a source familiar with the matter.valuing it at $11 billionNow, the company is seeking $400 million to $500 million in a Series E-2 round from investors including Tribe Capital, the source said, who asked not to be identified because the matter is private.
But two fintech founders told Insider that market research on Bolt indicated that actual net revenue for 2021 could well have been less than $20 million, suggesting an even higher revenue multiple. Bolt is forecasting $150 million in annual revenue in 2022, according to the person familiar with the new funding.
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