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 Barclays, Deutsche Bank, Goldman Sachs, and JPMorgan. The money supplements Bolt’s “strong cash position” and “strengthens its liquidity profile,” the company said. Alongside…This story continues at The Next WebOr just read more coverage about: Uber
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 Barclays, Deutsche Bank, Goldman Sachs, and JPMorgan. The money supplements Bolt’s “strong cash position” and “strengthens its liquidity profile,” the company said. Alongside…
This story continues at The Next Web
Or just read more coverage about: Uber