Aug 24, 2020
StormX Makes a Big Splash in Crypto Cash Back
2.5 Million Users | 187 Countries | $5M Payout In Crypto Rewards
With the recent increase in e-commerce behavior due to the COVID-19 pandemic, Xcelerator Portfolio company StormX (Sp 20) has experienced significant traction in terms of user growth on their platform.
StormX rewards you for shopping online, playing games, and trying new products. The secret sauce is their patented micro-transaction technology which plays well with a multitude of reward methodologies, without fees that cause undue friction. This technology, developed in early 2017, is currently the only way to run payments at scale with less than $0.01 per transaction.
Storm provides the top cash-back program for users, up to 87% cash back on certain online purchases. With 2.5M+ downloads globally and a growing base of retail partners, StormX has seen great progress since their world wide launch, gaining strong user bases in USA, Canada, and Korea. They have also recently created a premium membership program in April, 2020 , with 4k+ users already signing up to receive more significant rewards.
We are excited for Storm’s strong customer growth, and hope to see continued success from the team. The cash back service they offer is unlike any other, providing a base 6% guaranteed cash back in any currency, making up the rest in Storm tokens. You can reach more about their technology and program on their website: https://stormx.io/.
The Team
The founding team includes Simon Yu and Calvin Hsieh, who previously co-owned Seattle’s first and best Korean Mexican fusion food truck. Simon’s experience being financially independent at a young age and participating in the gig economy inspired the question: what if anyone could earn money from anywhere with any device at any time?
As of early 2020, StormX has worked with 1,600+ brands including eBay, Uber, Instacart, Target, Samsung, GameStop, Microsoft, and Macy’s.
To use StormX’s service (& make $$):
Install StormShop extension on your favorite browser.
Shop online like you normally do. Discounts are automatic in participating stores. Earn Storm, Bitcoin, Ethereum, and other cryptocurrencies when you check out using StormShop.
You can learn more about our portfolios from current cohort (Sp 20) and past cohort (Sp 19, Fa 19) here.
Note: This blog post was combined from two blog posts, published on Mar 20 and May 9 2020, and migrated to Medium on Aug 24, 2020.
