Ryan Breslow, Bolt’s controversial co-founder, returned as CEO and defended his $30 million loan from the company, calling it an act of loyalty rather than self-dealing. The loan, initially contested by investor Activant, was eventually settled with Bolt repurchasing Activant's shares for $37 million. Breslow acknowledged making mistakes but claimed they weren’t the ones he was accused of, citing his main regret as allowing unfamiliar investors to join Bolt’s cap table. He announced plans to launch a "super app" integrating one-click checkouts for financial services, crypto, and more, likening Bolt to Revolut but admitting Bolt has yet to monetize its 80 million “wallets.” While legal disputes have been resolved, Breslow didn’t confirm the status of Bolt's anticipated $450 million fundraising round. Continue here.
