Martin Burt
CEO
ClearStake
ClearStake provides a platform that simplifies financial data requests for the gambling industry, enabling players to share their financial information securely through their banking apps. This technology reduces decision-making time from hours to minutes, enhancing player retention and compliance with affordability and anti-money laundering regulations.
- Data & Analytics
- Enterprise Software
- Financial Technology
- Software Only
Updated 7 months ago
Funding
Raised to date
$2.5MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Funding rounds are not available yet.
Founders
Product
Problem
Gambling operators face increasing pressure to comply with affordability and anti-money laundering (AML) regulations, requiring them to conduct thorough financial due diligence on players. Traditional methods of requesting and analyzing financial data are slow, cumbersome, and can lead to player attrition due to friction in the verification process. Incomplete or inaccurate data can result in poor decision-making and increased risk of non-compliance.
Solution
ClearStake provides a platform that streamlines financial data requests and analysis for the gambling industry, enabling operators to make faster, more accurate decisions while improving player retention. The platform connects to major banking institutions, allowing players to securely share their financial data directly through their banking apps. ClearStake automates the process of validating income, understanding affordability, and conducting enhanced due diligence, reducing decision times from hours to minutes. The platform also offers customizable workflows and risk scoring to meet specific operator needs, along with a comprehensive case management platform for centralized player data management.
Target Audience
ClearStake targets iGaming and online gambling operators in regulated markets, particularly those in the UK facing increasing scrutiny around affordability checks and AML compliance.
Features
- Direct connection to major banking institutions for secure data sharing via open banking APIs
- Automated income validation, affordability assessment, and source of funds/wealth identification
- Customizable workflows and risk scoring tailored to specific regulatory requirements
- Real-time data analysis and dynamic data views to surface relevant insights quickly
- Comprehensive case management platform for centralized player data and decision warehousing
- Integration options via API, iframe, or native deployment for seamless integration into existing gaming experiences
- Configurable liquidity buckets, transaction categories, and risk markers for granular analysis
- Real-time monitoring of changes in a player's financial situation to minimize unnecessary data requests