When Matt Rum worked at Square on developing Cash App, he and his coworkers played a lot of golf on the weekends. They were all competitive, the former college basketball player said, so they started putting money on rounds.
But keeping track of multiple games on paper scorecards and divvying up bets at the end of the day became difficult. So Rum and his cofounder, Thomas Reinholm, built the initial prototype for the on-course betting platform that eventually became LoopGolf.
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