OneComply completes seed financing round
While OneComply did not disclose the amount it raised during the round, it did reveal that it secured investment from industry figures Katie Lever, Benjie Cherniak and Quintin Singleton.
OneComply said it would use the funds to support further development of its purpose-built licensing automation and compliance management solutions for the gambling and sports betting market, covering both the online and land-based sectors.
Speaking about the investments, OneComply co-founder and chief executive Cameron Conn said the funds would help drive the provider’s growth plans in the US in particular.
“The expansion of gaming in the US has created a highly interrelated industry, where your licence can be impacted by your partner’s or vendor’s non-compliance,” Conn said.
“Whether it’s key persons, licensed employees, the entity itself or the critical systems and platforms a company utilises, they all have an ongoing compliance component that needs to be effectively managed and monitored with well defined responsibilities and accountability.
“OneComply has created a centralised portal to tie all these pieces together, giving our customers an easy way to manage all their licensing and compliance, plus providing a complete view of the health of their most important asset – their gaming licence.”
Bill Warner of Warner Investments added: “With the growth of gaming and sports betting in the US attracting new participants as well as driving new partnerships and alliances, licensing and compliance takes on a whole new level of complexity and importance,” Warner said.
“Managing this critical aspect of the business requires advanced, purpose-built solutions that are able to tie together all these disparate parts and break down the silos that can put a licence in jeopardy.”