StormX operates a shopping-rewards platform that pays users cryptocurrency when they shop at partner retailers such as Nike, Samsung, eBay and Microsoft. The company’s app has more than 3 million downloads and has paid out more than $4 million in rewards to date. StormX generates revenue from transaction fees on purchases made through its partner brands. The 23-person company recently announced a NBA jersey sponsorship with the Portland Trail Blazers and plans to launch a debit card later this year to offer more rewards to cardholders. StormX raised $9 million from Optimista Capital to fuel growth of the platform; it previously closed a separate $6 million round in April and has total funding to date of $47.7 million. The fresh capital is intended to support product expansion and increased rewards for cardholders. StormX operates a crypto cashback platform available on iOS and Android that rewards users for online shopping. The app has over 3 million downloads and has paid out more than USD2.8M in crypto cashback. StormX partners with over 750 shops across 150+ countries to deliver rewards. The company is expanding its product set with an upcoming debit card, NFT-related offerings, and on‑platform governance to let users vote on development. The growth financing announced in April 2021 is intended to expand product offerings, hire more team members, and increase marketing efforts. StormX positions itself as a bridge between traditional users and DeFi audiences through low transaction fees and scalable user engagement.

Total raised

$15M

Funding rounds

2

Latest round

Equity

Latest activity

Jul 2021