ClearStake secures £1.5m to accelerate growth and roll out bank verification products
The funding comes from a cohort of sector veterans and entrepreneurs.
ClearStake automates financial due diligence and identity verification for online gaming operators through bank assured APIs. The company is based in London.
Player verification platform ClearStake has secured £1.5m in funding from a group of prominent industry entrepreneurs and executives. The capital will be deployed to accelerate growth and support the deployment of ID by Bank, a new solution enabling operators to verify customer identities through banking applications.
The latest financing follows an earlier round in February 2024 that aided the firm in scaling operations and securing key clients. ClearStake continues to provide audit-ready data for UKGC audits and automate compliance workflows for gaming operators.
From the founder
"This raise is a strong signal that our mission matters more than ever. The investors backing us have built some of the most successful businesses in iGaming and have experienced first-hand the challenges of regulatory friction."
Martin Burt
CEO at ClearStake
Use of funds
- 01Continue product development
Investors
Michael Brady
Simon Collins
Savvas Fellas
Will Armitage
Philipp Strizke
Max Wright
Ben Clemes
David Flynn
Paddy Power
Sam Swannell
Categories
About the company
ClearStake
ClearStake provides automated player verification and financial due diligence for the online gaming sector.