03-05-2024 16:38 via thenextweb.com

Uber rival Bolt secures €220M in prep for IPO

Estonian mobility startup Bolt has secured a €220mn credit facility as it plans to go public next year.   This type of financing is a more flexible loan option, which allows a business to withdraw and repay funds as needed, on an ongoing basis. Kind of like a credit card for companies.  The credit facility  provides Bolt  “with additional flexibility as we work towards being IPO-ready,” CEO and founder Markus Villig said in a statement. Lenders including Bar
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