Loopgolf, a Bay Area fintech startup that streamlines recreational golf wagers, sees on-course betting as a gateway to capturing a big slice of golfers’ overall spend.
Founders Thomas Reinholm and Matt Rum met while working at mobile payments company Block, formerly known as Square. They became fast friends, bonding over their shared passion for playing golf with money on the line to make their matches a little more interesting.
Their business venture was crystalized while playing a Nassau, a common tripartite bet with wagers on the front nine, the back nine, and for the full 18 holes. Presses, secondary bets for the remaining holes in a particular segment or for the overall Nassau…