Bolt founder Ryan Breslow returned as CEO in March 2025 after stepping down from the role in 2022. His comeback marks a new phase for the company, accompanied by fresh ideas and bold plans. The main goal is to evolve Bolt from a simple one-click payment platform into a multifunctional “super app.”
This new app will allow users to perform a wide range of financial operations with just one click. The features will include:
- daily financial services,
- peer-to-peer (P2P) payments,
- cryptocurrency transactions,
- card services,
- and other financial products.
Breslow noted that Bolt already has a large user base—80 million users currently use its wallet function. This number exceeds the user base of one of its main competitors, the UK-based fintech giant Revolut, which has 45 million users. However, he acknowledged that the company has yet to generate significant revenue from these users.
Breslow’s return comes amidst controversy surrounding a personal $30 million loan he took in 2023. The loan led to legal disputes with Activant, one of Bolt’s investors. Eventually, Bolt resolved the issue by repurchasing Activant’s shares for $37 million.
Currently, the company is preparing for a new funding round with the goal of raising $450 million. Of this, $250 million is expected to come in the form of marketing credits, an approach that has raised concerns among some investors.
Overall, under Breslow’s renewed leadership, Bolt is entering a major transformation phase. The upcoming “super app” aims to simplify and accelerate users’ day-to-day financial activities. With this move, the company seeks to enhance its competitiveness in the market and expand its user base significantly.
