Kinectify, a supplier of cutting-edge risk-management software created by AML professionals, announced that it has completed a preferred seed round. Several prominent corporations and investors, including sports betting brands and casinos, choose to back the compliance business.

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Investors Supports Kinectify’s Financing Round

Kinectify’s cutting-edge technology offers operators compliance solutions that assist them in navigating the regulatory environment and preventing platform fraud. The firm’s solutions maintain a steady eye on questionable activity, enabling gaming corporations to concentrate on other matters.

In addition, Kinectify provides its customers with advising services. Therefore, operators may rely on Kinectify and its team of specialists for help with their compliance issues. Utilizing companies may request assistance with compliance deadlines and other compliance challenges. Due to Kinectify’s significance to the ecosystem of regulated gaming, a number of firms and parties chose to participate in its preferred seed round. Kinectify reported that the investment was headed by Acies Investments, the Eastern Band of Cherokee Indians (EBCI), and OpenBet.

Other noteworthy investors include Eliers & Krejcik Gaming and the management team of The Strategy Organization. Distinguished industry experts also participated. These individuals include Seth Schorr, the chief executive officer of Fifth Street Gaming, Seth Young, the chief strategy officer of Fifth Street Gaming, Lauren Lemmer, the chief compliance officer of Wagr, and Quinton Singleton, a key investor in the gambling sector.

The Investors Consider Kinectify Valuable 

The three firms that lead the funding round provided remarks on the subject. Edward King, co-founder and co-chief information officer of Acies, expressed his team’s eagerness to collaborate with Kinectify. King lauded the company’s “excellent AML and compliance platform” that assists several industry operators. In addition, he said that he feels Kinectify is an investment-worthy company that provides something genuinely important.

The chief executive officer of EBCI Holdings, R. Scott Barber, said that his tribe is “happy” to invest in Kinectify. Barber said that the firm has always been a fantastic partner, which is why the EBCI is excited to introduce its platform at the Caesars Southern Indiana casino. Jordan Levin, the CEO of OpenBet, said that he finds Kinectify’s personnel and products to be remarkable. In addition, he commended the corporation for innovating and altering the way compliance is handled. Levin stated that he is excited to assist Kinectify in capitalizing on future market prospects.

Joseph Martin, the chief executive officer of Kinectify, expressed gratitude to the seasoned strategic investors who committed to investing in his firm. Lastly, he said that this funding helps expedite Kinectify’s objective to “deliver a comprehensive solution for gaming risk management.

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