FinTechFunding

UBet: Raises $2.7M in Seed Funding

UBet Raises $2.7M in Seed Funding

  • UBet, a Toronto, Canada-based decentralized sports prediction market, raised $2.7M in Seed funding
  • The round was led by Shima Capital, GSR, Republic Crypto, LD Capital, Old Fashioned Research, Decimus, and M6, with participation from Daniel Hannigan-Daley and David Hong
  • The company intends to use the funds to improve the customer experience for all parties within the global sports finance market
  • The company is a decentralized peer-to-peer sports prediction market, which aims to eliminate the house and risk aversion that exists within existing sports prediction market products
  • Their system and architecture will allow all sports fans to trade their predictions, when they want, at market-implied odds without friction
Previous article
Helppy: raises €3M in Funding
Next article
Bitmex: Launches Spot Exchange
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

NYSE Parent Invests $600M in Polymarket, Strengthening Market Position

This significant investment signals confidence in the future of predictive markets. Highlights: NYSE's parent company allocates $600M to Polymarket.Investment...
FinTech

Nexi Expands SEPA Direct Debit with Danish Banks, Enhancing Payments Integration

Nexi's collaboration with Danish banks aims to strengthen payment services across Europe. Highlights: Nexi partners with several Danish banks...
FinTech

Lloyds Confirms App Glitch Exposed Data of Almost Half a Million Customers

The significant data breach prompts concerns over customer privacy. Highlights: Lloyds Banking Group admits to a data breach affecting...
FinTech

Mastercard Restricts Sale of Nets Payments Unit Purchased for $3.2 Billion

Mastercard looks to divest its Nets payments segment as part of strategic realignment. Highlights: Mastercard is seeking to sell...