Fresh Funds for a Flourishing Future
Lolli, a Bitcoin rewards application, has wrapped up its pre-series A fundraising round with a healthy influx of $5 million. This funding is not just pocket change; it comes from a star-studded lineup of investors, including Seven Seven Six, co-founded by Reddit’s Alexis Ohanian, and Serena Williams’ Serena Ventures. Talk about having some heavy hitters on board!
Expanding the App and Its User Base
The fresh capital will primarily focus on enhancing Lolli’s mobile app to provide a smoother experience for users eager to cash in on their online shopping with Bitcoin rewards. With plans for scaling operations, this could significantly increase their user base globally. After all, who wouldn’t love earning Bitcoin while shopping for socks on Macy’s?
A Diverse Merchant Network
Since its launch in 2018, Lolli has formed alliances with over 1,000 merchants—yup, a thousand! From Priceline to Macy’s, the platform is redefining the online shopping experience. Customers earn Bitcoin simply by shopping online. It’s like cashback but with a sprinkle of cryptocurrency magic!
What the Investors Say
Ohanian, appreciating Lolli’s innovative model, declared, “This is a crucial turning point to drive value and create opportunity for the mainstream.” His enthusiasm is contagious, and Williams echoed this sentiment, describing Lolli as a champion for Bitcoin adoption and financial inclusivity. Hey, if it gets more people involved in the crypto space, we’re all for it!
The Road Ahead
CEO Alex Adelman stated that collaborating with such fantastic investors is an exciting prospect. He highlighted that earning Bitcoin through shopping is accessible, and their ambition is to accelerate Bitcoin adoption. With a previous $3 million seed round under their belt, Lolli seems poised to ride the crypto wave into the mainstream. Speaking of waves, don’t forget about BlockFi’s credit card that rewards users with BTC—more ways to earn Bitcoin are popping up everywhere!
+ There are no comments
Add yours