Share this article
StormX Raises $9M in Funding Round for Rewards Debit Card, US Growth
The funding will also be used to make the app interface more user-friendly and make it easy for customers to sign up for the debit card.
Updated Sep 14, 2021, 1:31 p.m. Published Jul 27, 2021, 2:00 p.m.
Crypto cashback app StormX has secured $9 million in a funding round led by Optimista Capital to support its plans for a debit card and to expand across the U.S. later this year.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- The funding will also be used to make the app interface more user-friendly and make it easy for customers to sign up for the debit card, the firm said.
- StormX said the debit card will launch in the U.S later this year, and then in the rest of the world. The card will offer users in-store rewards in 15,000 locations in partnership with retail and food and beverage companies.
- In June, StormX announced the Portland Trail Blazers will feature StormX advertising patches on their jerseys under a sponsorship deal with the National Basketball Association team.
- The new funding will also be used to hire new employees and to increase athlete and e-sport marketing, the firm said.
Read more: Portland Trail Blazers to Wear NBA’s First Crypto Ad Patch (Sorry, PayPal)
Di più per voi
Cosa sapere:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Di più per voi
Asia Morning Briefing: Bitcoin Drifts Near $89K as Traders Step Back and Balance Sheets Step In
FlowDesk sees fading post-Fed demand and low leverage, while Glassnode data show digital asset treasuries quietly resuming bitcoin accumulation in a range-bound market.
Cosa sapere:
- Bitcoin traded near $89,000 as liquidity thinned and demand faded following a recent Fed rate cut.
- Market caution persists with BTC and ETH retracing gains, while altcoins remain under pressure.
- Gold maintains near-record highs due to rate cuts and central bank demand, while Asian markets opened lower amid cautious investor sentiment.
Top Stories
