Zensports
“Can a crypto-native P2P sports betting platform transition into a licensed US regulated sportsbook while maintaining global fiat and crypto payment flexibility?”
Founded2016
HQMiami, Florida, USA
Total raised$11.41M
Latest roundDebt - II, May 2023
IndustryFintech / Sports Betting
The story
Originally founded in 2016 as Perfect Season, ZenSports pivoted to a mobile peer-to-peer sports betting marketplace using cryptocurrency for international markets. The company added Skrill fiat wallet support in 2019 to broaden its payments reach. It subsequently shifted focus toward regulated US sports wagering, pursuing gaming licenses in Nevada and Tennessee, becoming a licensed operator in Tennessee. As of 2023, the company continues to operate as a licensed Tennessee sports wagering operator with sweepstakes features.
Last 12 months
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Product timeline
2016
Founded as Perfect Season; pivoted to peer-to-peer sports betting marketplace.· pivot
2018
Launched mobile P2P sports betting app with cryptocurrency-only payments (Bitcoin, Ethereum, Litecoin).· banking
2019
Integrated Skrill digital wallet via Paysafe partnership, adding fiat currency deposit/withdrawal options for international users.· payments
2020
Closed $1.46M seed round to expand into the United States.· ipo
2021
Raised $2.4M Series A to fund US gaming license applications in Nevada and Tennessee.· banking
2021
Signed partnership with Strategic Gaming Management for option to acquire Big Wheel Casino in Lovelock, Nevada.· acquisition
2023
Latest debt financing of $1.6M; operates as licensed sports wagering operator in Tennessee.· banking
The stack
3 layers disclosed in Zensports’s embedded-finance stack
Payments / PSP
Skrill
Banking / BaaS
in the full report
FX & payouts
in the full report
Accounting gap: none
2 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.