Bolt has hit a major financial milestone. For the first time since inception, Bolt has achieved profitability.
Last month, Bolt’s gross profits hit an all-time high while OPEX reached a record low.
Bolt has been doubling down on decisions that emphasize long-term profitability and market share capture. We have been investing heavily in our checkout, payments, and 1-click platform, which allow us to compete with $100b+ incumbents and win deals on a consistent basis.
We are winning deals on cost, conversion, and customer support.
We’ve also launched over 20 new product lines that have expanded our portfolio of fee capture, increased stickiness with customers, and improved customer satisfaction.
We have not been afraid to make the hard strategic decisions on reorganizing our teams. For instance, we have eliminated our Account Management and Implementation Management teams entirely. Now, sales reps manage customer relationships from beginning to end, and their only counterparts are highly technical engineers. No other non-technical middlemen. Our customers say the attention they’ve received is 10x what it has been historically, and the team has never felt more empowered and motivated.
These tough decisions have allowed us to cut OPEX considerably while driving record levels of revenue. Our integrations queue is currently filled to the brim.
If you process payments digitally and are looking to level up, please reach out.
Go Bolt.
Today Fun announced a $72M Series A. Since founding Fun has grown to serve millions of users and is now processing tens of billions in volume each year.
We’re still early in this journey, but this is a good milestone to acknowledge the folks who really got us this far.
I’m appreciative for team members like @chloefunxyz, Panda Xu, and Gabby Labi Tordjman who stuck with us through early & hard times.
Grateful for folks like @connormcewen & Jeffrey Caron who have led to the team to where we are today.
A special thank you to @ullastweets – who saved the company in our early days and has been a steadfast supporter on our board.
There were many early supporters I learned from – like @cory & @justinmateen who supported me in getting off the ground.
Obviously, a thank you to the partners who trust us with some of their most important money flows.
Appreciative for the 30+ team members at Fun grinding through nights & weekends to make our business a reality.
Finally, appreciative for the backers who put up the capital for this next round on growth – @SpencerApplebau, Jonathan Lim, @ullastweets, Jeremy Jonker, @aghosn9 and more.
Those who know me well know I’ve always wanted to build a “real” company, and am feeling grateful to be at the starting line.
Fun builds the highest converting money flows for the largest global fintech applications. If you like to solve hard technical problems, believe global capital markets create good, and love to craft beautiful products, I’d love to meet. We’re aggressively hiring in NYC & Singapore.
(photo on 2024 election day)
🎉 Mesh has closed a $75M Series C at $1B valuation. 🦄
This is more than a funding round–it’s the beginning of the end for legacy payments.
For too long, global commerce has been stuck with systems that are slow, siloed, and expensive for both merchants and users. That era is ending.
What we’ve built so far:
✅ A unified global network across wallets, chains, and assets
✅ Any-to-any payments via SmartFunding, with instant settlement in the merchant’s preferred currency
We’re also rapidly expanding across LATAM, Asia, and Europe.
Now we move into the next phase: building the universal payments network for a truly tokenized, borderless economy. Any asset. Any chain. Any geography.
Thanks to our customers, partners, and investors, especially @dragonfly_xyz, @paradigm, @ModerneVentures, @cbventures, SBI Investment, and @LCVentures.
Our Founder and General Partner, Ullas Naik, joined Nilanjana Bhowmik (@NB005) on #PostMoneyPodcast to discuss seed investing, power-law outcomes, and the importance of conviction in venture capital.
Watch the full episode here: https://t.co/VVxawMoBs5
We are pleased to share the latest edition of our newsletter! We invite you to read it here:
Streamlined Newsletter | December 2025 https://t.co/gDzsQFBFbY
As a T1D, I’ve seen how back office work slows care.
Enter @HoneyHealthai — AI staff for the entire back office.
Today, we’re announcing our $7.8M Seed led by @thogg at @Pelion_VP to help providers eliminate the admin paperwork.
Thx @MobiHealthNews https://t.co/C1571eJKHW
We’re live on @TechCrunch 🎉
TwinMind — your AI second brain, built by ex-Google X scientists — just raised $6M to make proactive, privacy-first AI a reality.
Read the story here 👇
https://t.co/6hzDRYqma6
#AI#SecondBrain#TechCrunch#Startups
🚀 Excited to work with @PayPal to power the future of commerce.
Together, we’re making it easy for businesses to accept crypto from consumers from nearly anywhere. Consumers can choose from 100+ wallets and tokens to buy everyday essentials or once in a lifetime gifts while businesses experience the savings that comes with the technological advancements of blockchain and crypto.
Together, we're unlocking new growth opportunities for millions of merchants while bringing crypto into the mainstream of commerce unlike before!
ICYMI: @BamAzizii just made history at @TOKEN2049 by demonstrating Mesh's Apple Pay integration live on stage.
Watch the full demo of how we're enabling crypto payments with a simple tap while merchants receive instant stablecoin settlements.
🚀 The payment revolution is here. #Token2049Dubai