According to a comment on another thread [1], their annual revenue is $40M. That's a valuation of 275x revenue. And they were seeking to raise another $400M at a $14B valuation [2] — 350x annual revenue! Truly mind boggling.

[1] https://news.ycombinator.com/item?id=31510453

[2] https://www.theinformation.com/articles/bolt-seeks-valuation...

I also wonder if that revenue is just the payments they process. If so then true revenue is probably ~2.5% of that.

As shady as this company is, I would honestly be shocked if they counted the full value of the payment processed as revenue.

Also isn’t this in somewhat direct competition with Apple Pay, Google Pay, Amazon Pay and Stripe?

I would not want to bet against any one of those companies, let alone ALL of them.

Correct, and you didn't even name their toughest competitor - Shopify's one-click checkout.

Isn't shopify one-click limited to stores on their platform?