Lolli Secures $8 Million in Series B Funding to Fuel Enterprise Expansion of Bitcoin and Cashback Incentives

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Lolli, a bitcoin and cashback rewards application, has raised an $8 million Series B round, TechCrunch has exclusively learned. Its rewards program awards its users with bitcoin or cashback when they shop online or in person at restaurants and stores. The app gives up to 30% back on purchases, with an average of 7% back in bitcoin or cashback rewards. Since its inception, Lolli has given over $10 million in bitcoin rewards, in addition to cashback rewards, Adelman said. The company plans to use the momentum in the markets to “drive more revenue to partners and bring more major companies into offering bitcoin rewards,” Adelman said.