Fintech giant Bolt to buy crypto startup Wyre in $1.5B cash-and-stock deal
Bolt is paying $1.5 billion to acquire cryptocurrency startup Wyre. The cash-and-stock deal expands Bolt's e-commerce checkout technology's crypto payment capabilities. Bolt, a fintech unicorn, is buying crypto firm Wyre in a $1.5 billion cash-and-stock transaction. Wyre would add crypto payment capabilities to Bolt's e-commerce checkout platform. According to Crunchbase records, Wyre has attracted $29.1 million from venture investors, including a financing in January 2021 led by blockchain investor Stellar Development Foundation. Increase your sales with all-in-one prospecting solutions driven by the private-company data leader. Located in San Francisco, Bolt has raised a total of $1 billion from private investors, including $355 million in its most recent Series E round. According to The Crunchbase Unicorn Board, the company is worth an estimated $11 billion. The Wyre transaction is scheduled to close in the third or fourth quarter of this year. A...