Bolt Ryan Brissalo CEO explains his turbulent personal loan worth 30 million dollars, and announces a new “Super App”

The controversial co -founder in Bolt Ryan Brisslo, who He returned as an executive president earlier this monthOn Monday, he talked about the personal loan of $ 30 million he obtained from his company, which sparked legal battles and contributed to the (temporary) overthrow.

BRESLOW has also announced that Bolt will launch a “application of everything” merges one click on everything from Crypto to financial services “very soon”.

The legal battle began on the loan in 2023, when Bolt Investor Activant filed a lawsuit against BRESLOW. Activant BRESLOW claimed the start of startup with $ 30 million in debt By borrowing this amount and then failing to pay, with the use of the company’s money to pay it.

The situation was StabilizeWith Bolt approval to rebuild Activant shares for $ 37 million last year.

Talk to Fintech Meteup In Las Vegas yesterday, Prisonlo defended the loan, and put it as a work of loyalty to the emptiness instead of getting rid of the alleged vibrant lawsuit.

He said that he made the loan instead of selling his shares in a secondary deal and that the loan was unanimously approved by Bolt Council.

“It was done to be a supporter of the petrol,” said Preslo. “I took it out instead of selling any secondary secondary. I wanted to show all our investors that I keep all chips chips, and I think a lot in stocks to the point that I do not sell my shares.”

Perslu said he believed he had time to pay the loan, and Bolt was waiting for Bolt to do the General IPO to do so. He said that after he left the role of the CEO, he summoned the board of directors in the loan, which he considered a “little attack.”

Brezlo, the founding founder of Bolt, resigned as an executive head in early 2022. In the years, he returned this year, also faced allegations that he Investors misled And violating security laws before Explanation measures While collecting donations the last time he ran the company.

On Monday, Presslo admitted that he had committed a “tons of mistakes” – but he said they were not the ones who accused him. He looked at his main mistake as allowing people to join the Bolt CAP table as “he does not know well” (without specifying).

“Super” application in business

Now that he has returned as an executive president, he says that Bolt will soon launch the new “Super app” that will integrate the Bolt experience with one click of e -commerce through a wide range of services.

“Instead of a single click, we will get one click everything: financial services, from counterpart to counterpart, encryption, cards, financial products, everything in one application,” he said.

Compare BRESLOOW Terbox with United Kingdom Fintech Revolution, which Its value of $ 45 billion last yearHe claims that Bolt owns 80 million “conservatives” compared to 45 million companies, although Bolt has confessed to “he did not” offer our consumers yet. “

In fact, Bolt’s Arr has reached about $ 28 million with total total profits $ 7 million as of the end of March 2024 last year. This is small compared to the revolution Which declared $ 2.2 billion of revenues and $ 545 million of profits (before taxes) for 2023 alone.

The remaining question about Bolt is the state of collection of next donations. In August, the news broke out about the $ 450 million donation of donation. But it raised questions about her extraordinary use $ 250 million “marketing credits” And not to confirm from An investor has been identified by mistake As it provides it.

Some of Bolt investors, including Blackrock and Hedosophia, filed a lawsuit against the tour, Forbes I mentionedBut this was voluntarily rejected by all parties, Bolt Declare today.

Perslo indicated during his speech that “all” legal cases against him “are completely stable, and she refused”, but he did not make a update to collect donations of $ 450 million.

However, she commented that he was “modest” through his experience and found a new design on Bolt operating after his faith and himself – and starting – challenged.

He said: “You know, it is clear that I made mistakes, but I have a very large segment on my shoulder.” “I am ready to take the bolt to really new heights.”

Blackrock and Hedosophia did not respond to a comment.