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Lolli raises $5m in pre-Series A funding

New York based maker of bitcoin rewards company that gives users free bitcoin when they shop raised $5m in pre-Series A funding led by Seven Seven Six.

Lolli was launched in 2018 and gives its users free bitcoin when they shop at over 1,000 retailers, including Kroger, Microsoft, and Booking.com. Since launching, Adelman said the firm has provided over $3 million in merchant-funded bitcoin rewards. The rewards range from an average of 7% to up to 30%.

Tags

bitcoin, crypto, rewards, payments