Bolt, a recently launched startup which wants to give the powerful Amazon some competition in providing sales platforms to small businesses, received $68 million in venture funding to promote its growth.
The funds come from Activant Capital and Tribe Capital.
Bolt says it wants to provide a “better than Amazon” checkout experience to counter the online retailer’s dominance in providing small businesses a platform for sales. It plans to help businesses make more money by countering online fraud and providing its customers a trove of data to help customers better manage their business.
So far, Bolt has raised $90 million in funding since its launch in January 2018.