EDGE Boost was officially launched a few days ago, and it differentiates itself by offering the first-ever banking service solution which has been designed to endorse responsible gaming in the US. EDGE Boost has a growing base of customers along with $17.2 million in seed funding. It has also proudly processed more than $300 million transactions over the last three months alone.

EDGE Boost, the pioneering banking-as-a-service solution tailored for responsible gaming, has officially launched, introducing a game-changing approach to financial management for bettors across the United States. Developed by EDGE Markets, the EDGE Boost debit card and bank account empower users to separate their gaming finances from everyday expenditures, providing a seamless and secure platform that promotes safer betting habits.

The launch follows an impressive stealth-mode performance, during which EDGE Boost processed over $300 million transactions within just three months. The company has successfully raised $17.2 million in seed funding, led by Bullpen Capital, with contributions from Suro Capital, StepStone Group, Mantis VC, Impulsum Ventures, Indicator Ventures as well as other strategic investors. Additionally, EDGE Markets has secured $32 million in debt financing to further solidify its financial platform.

Bridging the Responsible Gaming gap

The US gaming industry has long faced challenges in implementing effective responsible gaming solutions that are both widely adopted and independent of operators. While iGaming platforms, sportsbooks, and brick-and-mortar casinos have integrated various responsible gaming measures, these efforts are limited to transactions that occur within their respective platforms.

EDGE Boost offers a groundbreaking alternative by providing bettors with a dedicated bank account and debit card, enabling them to track and manage their betting expenditures independently. By consolidating gaming transactions in one secure, FDIC-insured account, users gain better financial transparency and control over their gaming habits.

"EDGE Boost is revolutionizing responsible gaming, giving players the power to take full control of their betting finances like never before," said the Founder and CEO of EDGE Boost, Seni Thomas. "Operators can only see part of the picture when it comes to a bettor's financial habits. EDGE Boost changes that by acting as an independent, all-encompassing solution to bridge this critical gap."

Main aspects of EDGE Boost

EDGE Boost's innovative approach to responsible gaming is supported by several key features designed to enhance financial awareness and security for bettors:

  • Personalized spending limit suggestions - The platform assesses the cash flow of users and recommends customized betting limits, allowing bettors to implement self-imposed spending caps.
  • Cashback incentives - Bettors can earn cashback rewards for qualified transactions with gaming merchants, adding extra value to their spending.
  • Financial transparency - With a separate, dedicated gaming bank account, users gain a clear and consolidated view of their betting expenses, ensuring responsible money management.
  • Frictionless betting - The EDGE Boost debit card is compatible with nearly all gaming platforms, allowing users to deploy funds instantly without integration hurdles.
  • FDIC-insured platform - The bank account is insured up to $250,000, ensuring maximum financial protection for users.

No minimum balances or maintenance fees - It is free to use, generating revenue only when customers engage with the card for gaming transactions.

A new era of financial responsibility in gaming

The launch of EDGE Boost marks a pivotal moment for the gaming industry, offering bettors an unprecedented level of financial oversight and control. By providing a secure, independent platform that promotes responsible gaming, EDGE Boost is setting a new standard for how bettors manage their funds.

With its robust financial backing and rapidly growing user base, EDGE Boost is set to make a significant impact on the industry. As bettors nationwide embrace this innovative solution, the platform is expected to play a crucial role in shaping the future of responsible gaming in the US. For more information about EDGE Boost, visit edgeboost.bet.