Fold is a bitcoin rewards app that offers bitcoin cashback via its Visa debit card and mobile application.
Fold is the best way to earn bitcoin back on every purchase.
Fold was founded in 2014 by Will Reeves and Corbin Pon. The company is headquartered in San Francisco, California and Atlanta, Georgia.
Fold's app enables its customers to earn bitcoin on spending, saving and investing. Instead of offering points or airline miles typically found in most card programs, Fold provides bitcoin rewards through a gamified experience that emphasizes healthy financial habits.
Fold Cardholders can earn variable rewards by spinning a rewards wheel after each qualifying purchase, like earning 100% of their purchase back in bitcoin, or even winning a whole bitcoin, which ten users have done to date.
Fold 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.
Fold is backed by Craft Ventures, M13, Slow Ventures, Bessemer Venture Partners, Boost VC and others. The company raised $13M in Series A round on May 27, 2021. This brings Fold's total funding to $16.3M to date.