Bolt Financial's loans come due

Re:Bolt Financial's loans come due by jakelazaroff on Thursday May 26, 2022 @11:49AM (#31519829)

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...

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Re:Bolt Financial's loans come due by seibelj on Thursday May 26, 2022 @12:10PM (#31520088)

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

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Re:Bolt Financial's loans come due by jakelazaroff on Thursday May 26, 2022 @12:13PM (#31520144)

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

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