Lolli operates as an online reward offering application. It is a Bitcoin rewards application that lets users earn and own Bitcoin when they shop online. The company was founded in 2018 and is based in Durham, North Carolina.
ESPs containing Lolli
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The crypto & blockchain loyalty & rewards market uses blockchain technology or a company’s existing infrastructure to deliver blockchain-based loyalty solutions, ranging from helping retailers award cryptocurrency to minting NFTs to verifying loyalty incentives. Additionally, it provides value exchange opportunities through crypto rewards, enabling brands to acquire first-party data and enrich exi…
Research containing Lolli
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Lolli in 4 CB Insights research briefs, most recently on Dec 1, 2021.
Expert Collections containing Lolli
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Lolli is included in 5 Expert Collections, including Blockchain.
Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Categories include blockchain infrastructure and development, crypto & DeFi, Web3, NFTs, gaming, supply chain, enterprise blockchain, and more.
Loyalty & Rewards Tech
Startups allowing global brands and local shops alike to offer tech-enabled loyalty and rewards programs including loyalty software, AI-powered loyalty, blockchain-powered loyalty, and more.
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Retail Tech 100
The most promising B2B tech startups transforming the retail industry.
Lolli has filed 2 patents.
Cryptocurrencies, Cryptography, Key management, Alternative currencies, Blockchains
Cryptocurrencies, Cryptography, Key management, Alternative currencies, Blockchains
Latest Lolli News
Sep 19, 2023
News provided by Share this article Share toX CHICAGO, Sept. 19, 2023 /PRNewswire/ -- Innovation, security upgrades, additional payment alternatives, and improved collaboration will define the B2B Digital Payment Market's future as it tries to keep up with the business world's growing desire for effective and frictionless digital payment solutions. The B2B Digital Payment Market size is projected to grow from USD 4.2 billion in 2023 to USD 8.2 billion by 2028, at a CAGR of 14.3% during the forecast period, according to a new report by MarketsandMarkets™. The growth of the fintech sector has introduced innovative payment solutions, such as digital wallets, blockchain-based payments, and peer-to-peer platforms. These innovations have contributed to the diversification of B2B digital payment options. Browse in-depth TOC on "B2B Digital Payment Market" 268 - Tables Scope of the Report 2018-2028 Segments Covered Offering (Solutions and Services), Transaction Type (Domestic and Cross Border), Payment Method (Credit Cards/Debit Cards/Virtual Cards, Digital Wallet and Other Payment Methods), Vertical, and Region Region covered Companies covered PayPal (US), Fiserv (US), FIS (US), Global Payments (US), ACI Worldwide (US), Block (US), MasterCard (US), Visa (US), Payoneer (US), Stripe (US), Helcim (Canada), Payset (UK), Paytm (India), Razorpay (India), Rapyd (UK), Stax (US), EBANX (Brazil), Ramp (US), HighRadius (US), MatchMove (US), BharatPe (India), Juspay (India), Ripple (US), Terra (South Korea), Lolli (US), Paystand (US) Based on offering, the solutions segment holds the largest market size during the forecast period The solutions segment of the digital payment market has been classified into payment infrastructure, billing and accounting management, and security, compliance, and fraud prevention management. Major B2B digital payment vendors are gradually adopting smart technologies, such as cloud computing, analytics, and big data, to offer comprehensive solutions to potential customers. Based on solutions, the billing and accounting management segment is expected to grow with the highest CAGR during the forecast period Billing and accounting management solutions are integral in the B2B Digital Payment Market, streamlining financial processes, reducing errors, and enhancing overall financial management for businesses. These solutions encompass features like invoicing, payment processing, automated reminders, and expense tracking. They facilitate efficient creation and tracking of invoices, offer diverse payment methods, and provide automated reminders for overdue payments. The ability to categorize expenses, generate comprehensive financial reports, and integrate with accounting software ensures accurate financial insights. Security measures and compliance with regulations safeguard sensitive data, while streamlined approval processes and scalability accommodate diverse business needs. Ultimately, these solutions play a pivotal role in optimizing financial operations, promoting transparency, and supporting informed decision-making in the B2B digital payment landscape. North America is expected to have the largest market size during the forecast period. The B2B Digital Payment Market in North America is highly competitive, as the US and Canada have a strong focus on Research and Development (R&D) and innovation. North America has been a global innovator, constantly at the forefront of payment technology along with retail and financial services. The region has always been dependent on the stability and convenience of its well-established payment infrastructure. The widespread adoption of mobile devices, such as smartphones and tablets, and the need to have convenient access to financial solutions have positively affected the B2B Digital Payment Market in North America. The shift from paper-based processes to digital solutions, including digital wallets and virtual cards, was enhancing efficiency and security. Mobile payments gained traction, while blockchain and cryptocurrencies were explored for potential disruption. Top Key Companies in B2B Digital Payment Market: The B2B Digital Payment Market comprises major providers, such PayPal (US), Fiserv (US), FIS (US), Global Payments (US), ACI Worldwide (US), Block (US), MasterCard (US), Visa (US), Payoneer (US), Stripe (US), Helcim (Canada), Payset (UK), Paytm (India), Razorpay (India), Rapyd (UK), Stax (US), EBANX (Brazil), Ramp (US), HighRadius (US), MatchMove (US), BharatPe (India), Juspay (India), Ripple (US), Terra (South Korea), Lolli (US), Paystand (US). To increase their market share in the B2B digital payment industry, these competitors have used a variety of growth methods, including partnerships, agreements, collaborations, new product releases, product enhancements, and acquisitions. Recent Developments In April 2023, a new version of PayPal Payment Solution provided acceptance of PayPal payments with Apple Pay, save payment methods with PayPal Vault, real-time account updater for small and medium-sized businesses. In April 2023, FIS announced the launch of Worldpay. Worldpay obtained a category II payment services license, enabling card acquisition and disbursements in the UAE. This domestic license empowered Worldpay to provide its top-tier payment services to local companies with global aspirations and fast-growing enterprises seeking market expansion opportunities. In August 2023, Payoneer acquired Spott. Spott's technology will enable Payoneer to better understand and serve customers, which supports our mission to make it easier for SMBs to operate and grow their business around the world. In April 2023, Payoneer collaborated with Zoho, to provide innovative payment solutions to businesses using Zoho Books. The collaboration will benefit small and medium-sized businesses (SMBs) and freelancers working globally in India, Australia, New Zealand, the UK, and the Philippines, with plans to expand the offering into new markets in the future. In January 2023, Amazon and Stripe have signed an expanded global agreement under which Amazon will significantly expand its use of Stripe's core payments platform and Amazon Web Services (AWS) will provide crucial compute infrastructure to help Stripe serve millions of businesses around the world. B2B Digital Payment Market Advantages: Digital payments between businesses (B2B) improve financial procedures by cutting down on manual labour and administrative burden, resulting in quicker and more effective transactions. Digital payments save businesses a lot of money since they do away with the costs of paper checks, mailing, and manual data input. Compared to conventional payment methods like checks, digital payments are processed more quickly, allowing for quicker settlement and fund access. Automated digital payment systems minimise the possibility of mistakes brought on by manual data entry, resulting in transactions that are accurate and error-free. B2B digital payment systems use strong security controls, such as authentication and encryption, to safeguard sensitive financial data and lower the possibility of fraud. Due to their constant accessibility, digital payment platforms give organisations greater flexibility by enabling them to start and monitor transactions at any time. B2B digital payment systems make cross-border payments easier and cheaper while facilitating international transactions. Insights into spending habits, cash flow, and financial performance can be gained by analysing the valuable transaction data that digital payments create. Report Objectives To determine, segment, and forecast the global B2B Digital Payment Market by offering, application, vertical, and region in terms of value. To forecast the size of the market segments to five main regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America To provide detailed information about the major factors (drivers, opportunities, threats, and challenges) influencing the growth of the B2B Digital Payment Market To study the complete value chain and related industry segments and perform a value chain analysis of the B2B Digital Payment Market landscape. To strategically analyze the macro and micro markets to individual growth trends, prospects, and contributions to the total B2B Digital Payment Market To analyze the industry trends, pricing data, patents, and innovations related to the B2B Digital Payment Market. To analyze the opportunities for stakeholders by identifying the high-growth segments of the B2B Digital Payment Market To profile the key players in the market and comprehensively analyze their market share/ranking and core competencies. To track and analyze competitive developments, such as mergers & acquisitions, product launches & developments, partnerships, agreements, collaborations, business expansions, and Research & Development (R&D) activities. About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. Contact:
Lolli Frequently Asked Questions (FAQ)
When was Lolli founded?
Lolli was founded in 2018.
Where is Lolli's headquarters?
Lolli's headquarters is located at 6409 Fayetteville Road, Durham.
What is Lolli's latest funding round?
Lolli's latest funding round is Series A.
How much did Lolli raise?
Lolli raised a total of $20.25M.
Who are the investors of Lolli?
Investors of Lolli include Third Kind Venture Capital, Forerunner Ventures, Seven Seven Six, Animal Capital, Gabriel Leydon and 31 more.
Who are Lolli's competitors?
Competitors of Lolli include StormX.
Compare Lolli to Competitors
Rakuten (TYO: 4755) is an electronic commerce and Internet company. The group's operations include online travel reservation services, portal site operation, online content streaming, credit card services, consumer loan services, Internet banking services, online securities brokerage, IP telephony services, and a professional baseball team.
StormX operates as a financial application to earn cryptocurrency rewards. It offers an application and chrome extension to earn cryptocurrency by playing games, answering surveys, shopping at stores, and more. It was founded in 2013 and is based in Seattle, Washington.
Mintbase offers a blockchain platform for minting digital assets. It allows users to transfer tokens with other users. It speeds up consumer spending as well as increases customer loyalty through programmable reward tokens. The company was founded in 2019 and is based in Lisbon, Portugal.
WhatRocks offers a web3 consumer engagement platform and mobile application enabling brands to give crypto to users. It allows users to earn crypto rewards on social media, magazines, television, stores, and more. The company was founded in 2018 and is based in Toronto, Canada.
Split develops a one-tap share extension that automatically converts any URL shared via text or email into a paid referral link that can be tracked and rewarded. The company was founded in 2014 and is based in Miami, Florida.
Rakuten is a cash-back and shopping rewards company. It offers cashback, deals, and shopping rewards. It was founded in 1997 and is based in San Mateo, California.