Zebedee, a Hoboken, NJ-based fintech and next-generation payment processor for the gaming industry, closed a $35M funding round.
The round was led by Kingsway Capital and joined by global merchant bank The Raine Group as well as video-game giant Square Enix. Existing investors including Lakestar and Initial Capital also participated in the round.
The company intends to use the funds to expand its infrastructure, tools and services tailored specifically for games developers, many of whom are already working with Zebedee.
Led by Simon Cowell, CEO, Zebedee has created a platform that allows any game developer to add programmable money into their games. Anything that happens in a game can trigger a payment, which is sent instantly and at nearly zero cost. To make this work, the company offers both API-based tools for developers as well as an app for gamers, which enables them to discover the growing range of Zebedee-powered games and acts as the wallet for sending and receiving funds between games and players.
To make this work from a technical standpoint, the company uses the Bitcoin Lightning Network as a key piece of its payments infrastructure.
Zebedee has 50+ employees spread out across the world on a fully remote team.
FinSMEs
19/07/2022