Earn Bitcoin when you shop online
Lolli is a US-based company that develops a rewards platform where users can earn bitcoin when they shop online. According to Crunchbase, the company has partnered with more than a thousand top brands to give people the ability to easily earn bitcoin rewards when they shop. The platform works by splitting the profits between users and the platform. When users shop on one of the partner sites, Lolli will get a percentage of each sale as a commission. The company then splits that commission with users by sending Bitcoin to their users’ Lolli wallet. The company was founded in 2018 by Alex Adelman and Matt Senter, it is currently headquartered in New York, NY.
Crunchbase stated that Lolli has raised a total of $5.3M in 3 funding rounds. The latest funding round was finished on May 11, 2020, from a seed investment round. There are more than 20 investors who funded the project. The company itself has 5 core members including its CEO Alex Adelman and 2 board members including Matt Senter. Some of their investors are Guy Oseary, Chapter One Ventures, Version One Ventures, Craft Ventures, Company Ventures, Pathfinder, Michelle Phan, Bain Capital Ventures, Abe Burns, and Pir Granoff.
According to its website, users can earn up to 30% of their shopping value in Bitcoin. Users can use the platform in various shops, including the likes of Chewy, Groupon, eBay, Microsoft, Staples, Postmates, and more. In addition to that, it is quite easy to use the platform. Users just have to install Lolli’s browser extension, register on the platform, and then shop on one of its partner’s stores. Everything can be accessed with a web browser.