Industry veterans back ClearStake in latest funding round

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ClearStake, the platform transforming player verification in UK iGaming, has raised £1.5 million in a funding round backed by some of the biggest names in the industry.

The raise will accelerate growth and support the rollout of ID by Bank, ClearStake’s new product that lets operators instantly verify player identity via their banking app, boosting FTDs while cutting fraud and manual reviews.

Among the investors backing this round are some of the most influential entrepreneurs and executives in the sector, including: Michael Brady (Bede Gaming, Conexus), Simon Collins (Ex Foxy Bingo, Gaming Realms plc), Savvas Fellas (MrQ.com), Will Armitage and Philipp Strizke (BestOdds.com), Max Wright (White Hat Gaming), Ben Clemes (Ex GiG, HappyHour), David Flynn (Glitnor Group), Paddy Power (Flutter) and Sam Swannell (PointsBet).

“This raise is a strong signal that our mission matters more than ever,” said ClearStake CEO Martin Burt. “The investors backing us have built some of the most successful businesses in iGaming and have experienced first-hand the challenges of regulatory friction. 

“Their support validates our approach: making all verification seamless, compliant and player-friendly. With products like ID by Bank and our affordability and source-of-funds solutions, we’re proving that exceptional customer experience around verification and compliance can actually drive growth, not kill it.”

The round follows a previous raise in February 2024, which helped ClearStake scale its operations and sign major partners including tombola, MrQ and Ivy Casino. ClearStake has already supported multiple UKGC audits, providing operators with transparent, audit-ready data that regulators trust.

ClearStake’s cap table also includes seasoned leaders such as High Roller CEO Seth Young, former Sportsbet CEO Cormac Barry, former EML CEO Tom Cregan, Adam Perrin (Ex-Paddy Power) and Oliver Slipper the co-founder and former CEO of Stats Perform.

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