Fintech unicorn is buying crypto startup for $1.5 billion, Thursday, citing sources familiar with the matter. The cash-and-stock deal for Wyre, founded in 2013, adds crypto payment capabilities to Bolt鈥檚 e-commerce checkout technology.听
Wyre has raised $29.1 million from venture investors, , including a raise in January 2021 led by blockchain investor .听
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San Francisco-based Bolt has raised a total of $1 billion from private investors, including $355 million most recently as part of its Series E raise. The company is valued at an estimated $11 billion, according to The Crunchbase 糖心视频.
The Wyre acquisition is expected to close in the third or fourth quarter of this year, per The Information. The deal will integrate San Francisco-based Wyre鈥檚 blockchain technology into Bolt, rather than have the crypto company operate independently, the publication reported.听
Bolt most recently acquired , a Stockholm-based content monetization platform, for $200 million in November.
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