Fold Raises $13M in Series A Funding
- Fold, a San Francisco, CA-based bitcoin rewards app, raised $13m in Series A funding
- The round was led by Craft Ventures with participation from M13, Slow Ventures and Bessemer Venture Partners
- The company intends to use the capital to build out the rewards platform
- Led by CEO Will Reeves, The company offers bitcoin cashback via its Visa debit card and mobile application
- The app enables its customers to earn bitcoin on spending, saving and investing. Since its launch in 2019, the company has created a waitlist of over 250,000 waiting for access to their card
- In addition, the company is to open access to its bitcoin cashback debit card to all U.S. residents
