Lolli and Shopbop agree Bitcoin rewards partnership

Bitcoin rewards startup Lolli has announced a tie up with online fashion retailer Shopbop.

It’s now possible to earn up to 5.5% Bitcoin back when shopping on ShopBop with Lolli.

“We’re so excited to welcome Shopbop to Lolli, allowing our users to earn Bitcoin on styles from hundreds of their favourite brands,” says Alex Adelman, CEO and Co-founder, Lolli.

“By offering Bitcoin back at Shopbop, a leading marketplace for women’s styles, we are opening the field of Bitcoin adoption to even more women who are interested in learning about and owning Bitcoin.”

The team and I are excited to announce @Shopbop is now LIVE on https://t.co/NVrGOwAYR7! @TryLolli users can now earn 5.5% bitcoin back when they shop from more than 800 fashion brands on Shopbop!

This is what bitcoin adoption looks like. 🚀https://t.co/PGlugruGM3
— §Alex Adelman 🍭 (@alexadelman) August 12, 2021

Funding round

Lolli recently raised $10 million in a Series A funding round led by Acrew Capital.

Banana Capital, Up North Management, and Animal Capital, the Gen Z focused venture capital fund founded by social media big hitters Josh Richards, Griffin Johnson, and Noah Beck, also participated.

The round also included investments from influencers and entrepreneurs such as Logan Paul, Chantel Jeffries, Lauren Riihimaki of LaurDIY, Kenny Beecham, and Baron Davis.

Lolli, which was founded in 2018, is using the cash to expand the company and develop its recently launched mobile app.

Co-founder and Managing Partner at Acrew Capital, Lauren Kolodny said: “Lolli is democratising access to Bitcoin in a way that is truly revolutionary.”

“We’re excited to support the company in its mission to make Bitcoin as widely accessible as possible – with rewards as its initial seamless path to consumer adoption.”

“This low barrier and low risk point of entry makes Bitcoin adoption much more accessible to a broader demographic of people."