TechBookyBusiness
No Result
View All Result
Friday, July 1, 2022
  • Login
  • Home
  • TechBooky
  • Africa
  • TV
  • Startup
  • Earnings
  • Crypto Price
  • Submit Article
  • Contact Us
  • About Us
Subscribe
TechBooky Business
No Result
View All Result
Home Acquisition

Bolt Makes First-ever Acquisition With Sweden-Based Tech Company Tipser, Launches “Remote Checkout” Tool

The 'Remote Checkout' tool was inspired by Instagram Checkout that allows users to discover a product and checkout directly from Instagram.

Ibhadojemu Lucky Emmanuel by Ibhadojemu Lucky Emmanuel
November 29, 2021
in Acquisition, Acquisition & Merger
Share on FacebookShare on Twitter

On Monday, checkout technology company Bolt announced its acquisition of Swedish technology company Tipser so as to enable direct checkout on any digital platform.

Although the monetary details of the deal were not disclosed by both Bolt and Tipser, but the all-stock deal is estimated to be around $200 million. The acquisition of Tipser comes shortly after Bolt raised $393 million in its Series D funding round in October. Although acquiring Tipser was part of what the company planned to do with the funds from its last funding round, the company’s CEO revealed that the acquisition has been in the works for some time, even before the funding round was completed. It is pertinent to know that when Bolt started showing interest in acquiring Tipser, the company was not willing to sell and was preparing for its next funding round where it raised more than $14 million. According to Bolt’s CEO, the companies came to a common ground after finding out that their goals and work ethics align. “We saw how significant Tipser could be for Bolt. They had been perfecting their embedded commerce technology for a decade and were the only formidable player. They were stronger than us in areas where we were weaker. It is very strategic to have them on our team”, Bolt’s CEO said.

Tipser’s technology is a game-changer. This technology allows consumers to make purchases from platforms across different categories such as mobile marketplaces, price comparison sites, online publications, etc. It was founded in 2012 byAxel Wolrath, Jonas Sjöstedt and Marcus Jacobsson, who is also the company CEO.

The terms of the acquisition include that Tipser’s team remains but Bolt plans on increasing the number by 100 people. Tipser will also serve as Bolt’s European headquarters; Bolt has been planning its entrance into Europe and Tipser will make all of that easy.

Bolt is also launching a new ‘Remote Checkout’ tool for shoppers. This will make it possible for them to make a purchase from the exact point of discovery. The company has been working on the tool for about a year now and confesses that the tool was inspired by Instagram Checkout that allows users to discover a product and checkout directly from Instagram.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Share 0

Related Posts:

  • Bolt Raises $709 Million At A New Valuation Of $8.4 Billion
    Bolt Raises $709 Million At A New Valuation Of $8.4 Billion
  • Bolt Nigeria Launches Tricycles In Warri, Plans Expansion
    Bolt Nigeria Launches Tricycles In Warri, Plans Expansion
  • Ride Hailing Service Bolt Is Launching A Food Delivery Service Like Jumia Food
    Ride Hailing Service Bolt Is Launching A Food Delivery…
  • Bolt To Launch Electric Taxi Options In South Africa
    Bolt To Launch Electric Taxi Options In South Africa
  • Coinbase Is Acquiring AI Startup Agara For Over $40 Million
    Coinbase Is Acquiring AI Startup Agara For Over $40 Million
  • Hong Kong Fintech Startup WeLab Buys Indonesian Bank After Raising $240 Million
    Hong Kong Fintech Startup WeLab Buys Indonesian Bank After…
  • Flutterwave Acquires Nigeria-based Content Creation Startup Disha
    Flutterwave Acquires Nigeria-based Content Creation Startup…
  • ImaliPay, A Fintech Focused On Undeserved African Gig Workers, Raises $3 Million Seed Funding In Debt And Equity
    ImaliPay, A Fintech Focused On Undeserved African Gig…
Tags: AcquisitionBioltcheckoutcompanyTipser
Previous Post

India’s Slice Is The Latest Unicorn After $220 Million Funding Led By Tiger Global

Next Post

Meta, Facebook’s Parent Company, Has Been Instructed To Sell GIF-sharing Platform GIPHY by British Regulator

Next Post
Meta, Facebook’s Parent Company, Has Been Instructed To Sell GIF-sharing Platform GIPHY by British Regulator

Meta, Facebook’s Parent Company, Has Been Instructed To Sell GIF-sharing Platform GIPHY by British Regulator

No Result
View All Result

Get top tech business news in your inbox

subscription from
Loading

Crypto Price List

  • USD
  • EUR
  • GPB
  • AUD
  • JPY
  • TadpoleTadpole(TAD)
    $7.32-1.74%
  • SEENSEEN(SEEN)
    $2.05-2.27%
  • EvedoEvedo(EVED)
    $0.082301-0.80%
  • MarginswapMarginswap(MFI)
    $0.184213-2.11%
  • SakeTokenSakeToken(SAKE)
    $0.0127135.28%
  • WTF TokenWTF Token(WTF)
    $0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)
    $0.005461-5.83%
  • RobotinaRobotina(ROX)
    $0.00266138.50%
  • CageCage(C4G3)
    $0.005010-3.67%
  • YAM v2YAM v2(YAMV2)
    $4.70-1.41%

Recent Posts

  • June Was Bitcoin’s Worst Month On Record After The Flagship Crypto Lost 40 Percent Of Its Value
  • Nigerian Mobility Startup Moove Gets $20 Million From The UK Government’s Development Finance Institution – British International Investment (BII)
  • Morocco Wants To Regulate Cryptocurrencies, Introduces New Crypto Bill
  • South African Fintech Sava Secures $2 Million In Pre-seed Funding
  • Snapchat Launches Its Paid Subscription Plan Snapchat Plus

Categories

  • Acquisition
  • Acquisition & Merger
  • App
  • Banking
  • Capital
  • Cryptocurrency
  • Earnings
  • Ecommerce
  • Economy
  • Enterprise
  • Event
  • Funding
  • Gadget
  • Government
  • internet
  • Investment
  • Market
  • Merger
  • Money
  • Partnership
  • Personnel
  • Service
  • Social Media
  • Startup
  • Stocks
  • telecom
  • Venture Capital

Get top tech business news in your inbox

subscription from
Loading

Popular Tags

Acquisition africa amazon apple bitcoin cbn china coinbase company crypto cryptocurrency e-commerce earnings earnings season elon musk facebook fintech Funding gadget google government india internet Investment ipo kenya microsoft money netflix nigeria payment payments Q1 revenue russia service shares social media Startup Stock tech tesla twitter Ukraine whatsapp

Calendar

July 2022
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Jun    

Categories

  • Acquisition
  • Acquisition & Merger
  • App
  • Banking
  • Capital
  • Cryptocurrency
  • Earnings
  • Ecommerce
  • Economy
  • Enterprise
  • Event
  • Funding
  • Gadget
  • Government
  • internet
  • Investment
  • Market
  • Merger
  • Money
  • Partnership
  • Personnel
  • Service
  • Social Media
  • Startup
  • Stocks
  • telecom
  • Venture Capital

Recent News

  • June Was Bitcoin’s Worst Month On Record After The Flagship Crypto Lost 40 Percent Of Its Value
  • Nigerian Mobility Startup Moove Gets $20 Million From The UK Government’s Development Finance Institution – British International Investment (BII)
  • Morocco Wants To Regulate Cryptocurrencies, Introduces New Crypto Bill
  • South African Fintech Sava Secures $2 Million In Pre-seed Funding
  • Snapchat Launches Its Paid Subscription Plan Snapchat Plus
  • Taiwan’s Central Bank Is Working On A Government-run Digital Currency

© 2021 Techbooky Business - Design by Techbookyelite.

No Result
View All Result
  • Home
  • TechBooky
  • Africa
  • TV
  • Startup
  • Earnings
  • Crypto Price
  • Submit Article
  • Contact Us
  • About Us

© 2021 Techbooky Business - Design by Techbookyelite.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$19,388.941.42%
  • ethereumEthereum(ETH)$1,066.273.17%
  • tetherTether(USDT)$1.00-0.03%
  • usd-coinUSD Coin(USDC)$1.000.15%
  • binancecoinBNB(BNB)$216.731.23%
  • Binance USDBinance USD(BUSD)$1.000.24%
  • cardanoCardano(ADA)$0.4483170.04%
  • rippleXRP(XRP)$0.312662-0.85%
  • SolanaSolana(SOL)$32.691.46%
  • dogecoinDogecoin(DOGE)$0.0663451.58%
  • polkadotPolkadot(DOT)$6.74-1.26%
  • Shiba InuShiba Inu(SHIB)$0.000010-1.02%
  • AvalancheAvalanche(AVAX)$16.08-1.67%
  • matic-networkPolygon(MATIC)$0.4612662.10%
  • Terra Luna ClassicTerra Luna Classic(LUNC)$0.000071-5.36%
Posting....