According to a press release, gaming-focused fintech startup Zebedee has raised $35 million in a Series B funding round led by Kingsway Capital.

Funding was also provided by Final Fantasy and other video game studios Square Enix, The Raine Group, existing investors Initial Capital and Lakestar.

Zebedee is focused on the gaming industry and allows game developers to integrate support for the Bitcoin Lightning Network micropayments network.

The startup demonstrated this ability in Valve’s Counter-Strike: Global Offensive shooter in early 2021. Players can receive rewards in bitcoin for participating in online matches.

In September of the same year, Zebedee closed a $11.5 million Series A round. Compared to the start, its user base has grown tenfold during that time. Considering the most recent funding, the project has raised nearly $50 million.

“We are delighted to be able to confidently scale our team and grow our business even as macro conditions become increasingly uncertain,” said Simon Cowell, Zebedee CEO.

Recall that in April 2022, Square Enix President Yosuke Matsuda announced that the company is interested in blockchain and NFT.

In May, the company announced that it plans to use some of the proceeds from the $300 million intellectual property sale to fund startups in blockchain, artificial intelligence and cloud technologies.

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