Fold Secures $150M Credit Facility to Accelerate Bitcoin Rewards Expansion

Fold, a leading player in the Bitcoin rewards and payments sector, has secured a $150 million credit facility. The funding will support the company's scaling efforts as it expands its credit card infrastructure, increases user adoption, and strengthens partnerships within the financial ecosystem.

The growing demand for crypto-linked payment solutions that reward users in digital assets is driving Fold's expansion plans. With this new credit facility, the company can further develop its mobile-first financial services experience, which allows users to manage rewards and spending through smartphone applications.