News

Bolt to acquire Wyre in a USD 1.5 bln deal

Monday 11 April 2022 10:51 CET | News

Bolt Financial, a US-based payments-focused financial technology company, has announced acquiring crypto-services startup Wyre Payments.

The acquisition is valued at around USD 1.5 billion, according to Wall Street Journal.

Bolt has been trying to carve out a niche in the online-payments space with what it calls a one-click checkout service for merchants. It has raised about USD 1.3 billion in venture capital and was valued at about USD 11 billion.

Wyre offers services for retail and business customers to exchange national currencies and cryptocurrencies between banks and crypto-wallets, as well as trading cryptocurrencies. It has money-transmitter licenses in 27 US states.


Source: Link


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: cryptocurrency, startup, acquisition, merger, payments
Categories: DeFi & Crypto & Web3
Companies: Bolt, Wyre Payments
Countries: United States
This article is part of category

DeFi & Crypto & Web3

Bolt

|

Wyre Payments

|
Discover all the Company news on Bolt and other articles related to Bolt in The Paypers News, Reports, and insights on the payments and fintech industry:





Industry Events