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 禁漫天堂 Unicorn Board.
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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