Bitcoin · The Block
Lolli previously raised $8 million in a 2023 Series B round led by Bitkraft Ventures
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Bringing its total funding to approximately $28.3 million.
Key facts
- Lolli previously raised $8 million in a 2023 Series B round led by Bitkraft Ventures, bringing its total funding to approximately $28.3 million
- Shared with The Block on Tuesday, Lolli said users who link eligible debit or credit cards can now earn bitcoin automatically on qualifying purchases across Kard's network, which includes Dropbox
- Lolli's audience is one of the most distinctive consumer cohorts in the rewards space," Kard CEO Ben Mackinnon said
- Bitcoin rewards platform Lolli has partnered with independent commerce media network Kard to offer card-linked bitcoin cashback rewards to its user base of more than 600,000 accounts
Summary
Bitcoin rewards platform Lolli has partnered with independent commerce media network Kard to offer card-linked bitcoin cashback rewards to its user base of more than 600,000 accounts. Shared with The Block on Tuesday, Lolli said users who link eligible debit or credit cards can now earn bitcoin automatically on qualifying purchases across Kard's network, which includes Dropbox, Hydro Flask, and Stanley 1913, among dozens of other merchants. The move marks Lolli's biggest product upgrade since it was acquired last July by the bitcoin-focused venture studio Thesis, stylized with an asterisk as Thesis*. "Most people don't want to think about earning bitcoin. Users link a Visa or Mastercard directly within the Lolli app, with bitcoin rewards from qualifying purchases at participating merchants sent to their Lolli wallet.