Edge Boost
Latest round
- Seed
Last raised
- Dec 2024
Total raised
- $21M
Investors
- 6
About Edge Boost
Founded in 2020 in Wilmington, US, Edge Boost specializes in providing financial services tailored for the betting community. The company's core product is the EDGE Boost VISA debit card, designed specifically for bettors in the sports and gaming sector. This card enables users to centralize their bankroll, facilitating instant access to funds for betting across multiple platforms, including licensed sportsbooks, daily fantasy sports, and brick-and-mortar casinos. The EDGE Boost debit card offers unique features such as a daily withdrawal limit of USD 250,000, cash back rewards on qualified usage, and FDIC insurance coverage of up to USD 250,000. The service is tailored for serious gamblers who seek a streamlined and efficient way to manage their betting finances while promoting responsible gaming practices. This platform primarily serves customers in the United States, particularly in states where sports betting is legalized, allowing users to deposit substantial amounts and avoid traditional banking obstacles. Revenue generation for the company is based on transactional activity facilitated by the EDGE Boost debit card. Customers earn cash back rewards based on their spending tiers, which incentivizes frequent card usage at qualifying platforms. As users transfer funds daily into their EDGE Boost accounts—up to USD 5,000 for maximum cash back opportunities—the company benefits from a portion of the transaction fees associated with these activities. The card operates on a no-cost structure, meaning there are no minimum balances or maintenance fees, enhancing its appeal to bettors. Additionally, revenue is accrued when users engage with the card for various betting transactions, thus creating a sustainable income stream linked directly to the volume of card usage in the gambling sector. The company plans to enhance its EDGE Boost VISA debit card with additional features and explore entry into new markets, including Canada and certain European nations, by mid-2025.
Who invested in Edge Boost
6 investors across 2 rounds
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Questions about Edge Boost
Who invested in Edge Boost?
Edge Boost has 6 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Edge Boost raised?
Edge Boost has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Edge Boost last raise money?
Edge Boost's most recent round on record is a Seed, in Dec 2024.
What does Edge Boost do?
Founded in 2020 in Wilmington, US, Edge Boost specializes in providing financial services tailored for the betting community.
Where is Edge Boost headquartered?
Edge Boost is headquartered in Wilmington, US.
Which VCs invest in companies like Edge Boost?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at Edge Boost's stage. Their profiles are linked below.
VCs backing financial services startups at Seed
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