December 6, 2022

Bitcoin rewards app Lolli raises $10 Million in Series A Funding

2 min read

The Bitcoin (BTC) reward application, Lolli revealed today that it has raised over $10 Million in their newest financing round led by the endeavor firm, Acrew Capital. In addition, they shared that Acrew had actually collaborated with Banana Capital, Up North Management, and Animal Capital, the Gen. Z-focused venture capital fund founded by social media influencers Josh Richards, Griffin Johnson, and Noah Beck.

The funding round has also been sponsored by leading influencers orgasm business owners like Logan Paul, Chantel Jeffries, Lauren Riihimaki, Kenny Beecham, and Baron Davis. Furthermore,

Lolli revealed that the funds collected from the Series A financing round will be utilized in financing the business’s growth by hiring more individuals, signing brand-new collaboration contracts, and developing the just recently launched mobile app.

Bitcoin Rewards over Investments

Lolli’s creators highlighted the significance of using bitcoin more accessible in the long run, in the middle of the rapid and unavoidable rise of cryptocurrencies. Lolli’s focus is to make Bitcoin utilize less intimidating and more interesting to users to bridge the gap in between the Crypto niche and the masses.

“We’re thrilled by the assistance of numerous amazing financiers and fellow business owners who believe in our mission of making bitcoin more available for all. Our company believe it’s vital to align with leading creators to both inform, distribute, and amplify the power of bitcoin to the masses.”, said Alex Adelman, CEO, and Co-founder of Lolli.

Co-founder and Managing Partner at Acrew Capital, Lauren Kolodny highlighted that the aim is to democratize access to bitcoin by the usage of rewards as the preliminary path to a retail consumer’s adoption of crypto.

“This low barrier and low-risk point of entry make bitcoin adoption a lot more available to a wider market of people.”, Kolodny said.

Influencer’s take on BTC benefits

Influencers like Logan Paul and Lauren Riihimaki of LaurDIY have commented on relieving the procedure of making Bitcoin. They mentioned that focusing on the reward element will draw in more financiers and is likewise less risky.

“What’s much better than online shopping? Online shopping while securing free bitcoin back.”, stated Lauren Riihimaki.

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