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The Betting Startups Newsletter: January 2022

The Betting Startups Newsletter
Welcome to the debut issue of The Betting Startups Newsletter! 🍾
This is what we read, heard, and saw in the betting industry’s early-stage ecosystem in January.

💸 Where the money flowed
Xpoint secures new investment from Bettor Capital
Patriots And 76ers Owners Among Investors In $12 Million Series A Round For Sports Betting App Wagr
Blockchain-Based Sports Betting Exchange Aver Raises $7.5 Million in Seed Funding
Odds On Compliance receives strategic investment for growth plans
U.S. investment firms lead $32 million Series A funding round for Brazilian DFS platform
Synalogik raises $4.1m (£3m) in Series A investment round
🚀 New product and market launches
PickGuru announces UK launch with £1m competition 
Splash Tech launches daily retention game Sports Lotto
Graphyte & Bannerflow launch personalized retargeting solution
💡 Innovation Spotlight: Hedge Pay
Every month, we feature one startup that we think is doing something particularly novel and unique. This month, the Innovation Spotlight is on Hedge Pay.
Who: Co-founded by Jackson Fitzgerald & Jon Hansan
What: Hedge Pay is on a mission to “Gamify Spare Change” by bringing spare change round-ups to the sports betting and iGaming industry
Why it’s innovative: Their embedded payment solution will be accessible for users right in the depositing window of their favorite sportsbooks, allowing you to deposit (or sometimes place a bet!) with your digital spare change from every swipe of your card. $2.75 coffee? With Hedge Pay, you can automatically put that $0.25 round-up on a roulette spin.
When: Hedge Pay is currently being integrated into multiple betting platforms in the US, with launch announcements expected in April.
Where: Follow Hedge Pay on Twitter for latest progress updates.
🦸 Superheroes of the month
BettorEdge donates $10,000 to Chad Greenway's 'Lead the Way' foundation
💼 Industry field notes
🤝 Make your next move
Amazing career opportunities at these awesome betting industry startups:
Product Lead
Director of Compliance & Regulatory Operations
Mobile Engineer
🙌 That's it for now!
Thanks again for subscribing. We’ll do our best to keep it relevant and not waste your time (or space in your inbox).
If you have any feedback, ideas, or newsletter content suggestions, just hit ‘Reply’ to this email. We read ‘em all.
We conclude the debut issue with some light humor, courtesy of Lloyd Danzig in his January 12th appearance on The Betting Startups Podcast:
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The Betting Startups Newsletter
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A monthly roundup of everything newsworthy from the most promising industry startups competing for a piece of the multi-billion dollar betting industry 🚀

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