Is bolt acquiring Wyre?

One-click checkout company Bolt is no longer acquiring Wyre, the crypto payments company that it had agreed to buy for about $ 1.5 billion back in April. Why it matters: The deal was considered the largest non-SPAC acquisition of a crypto company when it was announced.

Why did bolt financial scrap a $1.5 billion deal with Wyre payments?

Sept 9 (Reuters) - U.S. online checkout company Bolt Financial Inc said on Friday it scrapped its $1.5 billion deal to buy cryptocurrency infrastructure provider Wyre Payments Inc, amid plunging valuations in crypto and fintech businesses. San Francisco-based Bolt was last valued at $11 billion after a funding round in January.

Did Elizabeth Smelov buy Wyre payments?

Photo composite: Elizabeth Smelov Bolt Financial Inc., a payments-focused financial technology company, is acquiring crypto-services startup Wyre Payments Inc., according to people familiar with the matter. Copyright © 2023 Dow Jones & Company, Inc.

Where is bolt based?

Founded in 2014, Bolt is headquartered in San Francisco and has offices in New York City, Salt Lake City, Seattle, Toronto, Stockholm, Wrocław, and Barcelona. For more information, visit bolt.com and follow @bolt on Twitter. Wyre is the leading fiat-to-crypto and payment infrastructure company for the crypto ecosystem.