Gaming-focused fintech ZEBEDEE has announced the completion of a $35 million fundraising round. ZEBEDEE will use the funds to expand across the entire company to satisfy the demands of the largest names in the gaming industry. Kingsway Capital was the lead investor in this round. The Raine Group and Square Enix were also major donors. Furthermore, there was participation by existing investors, Lakestar and Initial Capital.
ZEBEDEE’s operation model and what’s in it for developers
ZEBEDEE’s fresh funds puts the firm in a solid position to develop its infrastructure, tools, and services for game creators. Those who are already using ZEBEDEE are also part of this. Since September 2021, following its first round of funding, their user base has grown by more than tenfold. Web3 gaming has been resilient during the crypto market downturn which has seen NFTs, DeFi and cryptocurrencies plummet. This has seen games receiving substantial VC attention.
ZEBEDEE’s rapid invention speed and ability to deliver interesting goods to market have contributed to the company’s growth. In addition, it has been expanding its partnerships in several directions. The platform’s key partners include game developers developing on it and notable financial institutions. Also, it allows game developers a great deal of creative freedom because of the variety of application cases it supports. ZEBEDEE may now collaborate with any developer, from AAA console and PC developers to smaller mobile game developers of all stripes.
Game developers now have an easy way to incorporate programmable money into their projects, thanks to ZEBEDEE. Payment can be triggered by virtually any event that takes place within a game, and it is processed quickly and at a cheap cost. In addition to an app for players, ZEBEDEE provides API-based tools for developers. This allows players to discover the wide variety of games. Also, players and games can transfer money amongst each other using this wallet.