“Can a licensed payments provider become the embedded financial-infrastructure layer for the global games industry?”
Founded 2019 as ZEBEDEE, a Bitcoin Lightning Network payments company for games. Secured regulated status as a US money transmitter (MSB/MTL) and EU EMI/MiCAR CASP (ZEBEDEE EUROPE B.V.), repositioning from a crypto-rails vendor into a licensed payments provider. In 2026 it raised a $40M Series C led by Blockstream Capital and launched a full embedded-finance stack for game studios — accounts, payouts, rewards, and branded debit cards — competing with traditional embedded-finance infrastructure in the game-economy vertical.
ZBD discloses ZEBEDEE, LLC (in-house) and ZEBEDEE EUROPE B.V. (in-house) as its banking providers, according to the Embedded Finance Index 2026.
ZBD does not disclose a bank charter of its own; its banking services are provided through ZEBEDEE, LLC (in-house) and ZEBEDEE EUROPE B.V. (in-house).
ZBD processes payments through ZBD Payments (self-operated).
ZBD uses ZBD Payments (self-operated) for FX and cross-border payouts.
ZBD's crypto products run on ZBD (self-operated).
The Embedded Finance Index 2026 maps 4 layers in ZBD's stack: Payments / PSP (ZBD Payments (self-operated)); Banking / BaaS (ZEBEDEE, LLC (in-house) and ZEBEDEE EUROPE B.V. (in-house)); FX & payouts (ZBD Payments (self-operated)); Crypto (ZBD (self-operated)).
ZBD was founded by Simon Cowell, André Neves and Christian Moss and is founded in 2019, headquartered in Hoboken, New Jersey, United States.
ZBD has raised $87.3M in total (latest round: Series C, January 2026).
Get a read on where your own stack stands against ZBD and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.