Clear and bolt announced a partnership On Monday, who will see the payment options of clearly integrated into Bolt’s checkout.
This agreement means that Klarna will appear purchase-now-wage choice in Bolt devices. Traders using Bolt can offer Klarna’s salary in 4 or monthly financial options to buyers in physical stores, and buyers can select that option with a single click. Integration will be alive later this year, first in the United States and later in other markets around the world.
In a statement given to Techcrunch, Ryan Breslow, co -founder and general manager of Bolt, told us that the partnership was “so much greater than two companies cooperating.”
“It’s a clear sign that business is moving in a whole new direction,” he said, adding that this will not be another purchase-now-wage option, but, rather, “a completely new model that offers a top quality, flexible customer experience with no new contracts or technical elevator needed.”
Klarna, who was Waiting in the wings to publish since the springdescribes the partnership as a means of driving long -term loyalty for themselves and traders.
“Inserting Klarna into thousands of bolt merchants, we scale our American footprint and provide Klarna everywhere, everywhere consumer shop,” Klarna’s spokesman said.
This latest partnership is a big thing for Bolt for other reasons. The Fintech has been struggling in recent years with legal challenges and upset investors. In March, the founder of Bolt Breslow returned as CEO after retiring at the beginning of 2022.
In August, Bolt reportedly tried to raise $ 450 million at a possible estimate of $ 14 billion, but it was an odd deal with strange terms, INclouting a threat “cramdown” Existing shareholders were not updates on this apparent deal, but Bloomberg reported earlier this month that Breslow was looking forward to rising. This -times, he is looking for At least $ 600 millionThe half of whom would go to Bolt, while the other half would go to their other starting, love. Breslow said Bolt has at at least three years of runway on the left.
Earlier this month, Bolt also announced Partnership with Palantir Launch AI-powered personality cashier that recalls the buying habits of consumers. It wants to expand this check through its merchants and within Bolt’s new Superpp, “one-click crypto and daily payments,” as he described to We in an an April interview.
Adding two large names like partners, Klarna and Palantir, is the kind of step that could help clean Bolt’s reputation, as it seeks to raise again.
