Key Moments:
- ClearStake has raised £1.5 million in a recent funding round
- The new capital will drive the rollout of ID by Bank, enabling instant player identity verification
- Industry veterans and entrepreneurs from leading iGaming companies backed the investment
Strong Industry Support for ClearStake
ClearStake, a company focused on revolutionizing player verification in the UK iGaming sector, has completed a £1.5 million funding round with participation from prominent industry figures. These investors include 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).
Accelerating Growth and Product Expansion
The funds raised are planned to accelerate ClearStake’s growth plans, with a particular focus on the launch of “ID by Bank.” This new solution allows operators to verify player identities instantly through their banking apps, which can enhance first-time deposit conversions while reducing fraud and the need for manual checks.
Investor Confidence and Market Validation
“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.”
Building on Recent Momentum
This latest round follows a prior raise in February 2024, which enabled ClearStake to scale its business and secure major clients including tombola, MrQ, and Ivy Casino. The firm has played a role in supporting multiple UKGC audits, equipping operators with trusted, audit-ready data for regulatory requirements.
Diverse and Experienced Investor Base
In addition to recent backers, ClearStake’s capitalization table features seasoned executives 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.
| Investor | Affiliation |
|---|---|
| Michael Brady | Bede Gaming, Conexus |
| Simon Collins | Ex Foxy Bingo, Gaming Realms plc |
| Savvas Fellas | MrQ.com |
| Will Armitage, Philipp Strizke | BestOdds.com |
| Max Wright | White Hat Gaming |
| Ben Clemes | Ex GiG, HappyHour |
| David Flynn | Glitnor Group |
| Paddy Power | Flutter |
| Sam Swannell | PointsBet |
| Seth Young | High Roller CEO |
| Cormac Barry | Former Sportsbet CEO |
| Tom Cregan | Former EML CEO |
| Adam Perrin | Ex-Paddy Power |
| Oliver Slipper | Co-founder & Former CEO, Stats Perform |
- Author
Daniel Williams
