Ryan Breslow is back as CEO of fintech Bolt, after years of controversy

Ryan Breslow is once again the CEO of Bolt, the fintech company told TechCrunch on Wednesday. Bolt shared a communication that recently went out to investors in which Breslow wrote that “following a challenging few years,” he had been reinstated as Bolt’s CEO with “unanimous approval” of the board of the one-click checkout company. Justin Grooms, who has served as interim CEO since last March, will now serve as president of Bolt. Grooms, the company’s former director of sales, took over as CEO after Maju Kuruvilla was reportedly removed by Bolt’s board. Breslow, the outspoken founder of Bolt, stepped down as CEO in early 2022. Over the years, he has faced allegations that he misled investors and violated security laws by inflating metrics while fundraising the last time he ran the company. Breslow was also embroiled in a legal battle with investor Activant Capital over a $30 million loan he took out. Last September, Bolt shared that it had reached a settlement with Activant Capital. ... Read full article.