GeoComply Solutions, a Vancouver, Canada-based geolocation security provider, received a new investment from Norwest Venture Partners and Arctos Sports Partners.
The amount of the deal was not disclosed.
The company intends to use the funds for continued growth in its core markets and help accelerate its expansion into Financial Services and Media Rights Management.
Led by CEO Anna Sainsbury, GeoComply provides fraud prevention and cybersecurity solutions that detect location fraud and help verify a user’s true digital identity. Its solutions incorporate location, device, and identity intelligence and advanced machine learning to detect and flag fraudulent activity. Beyond iGaming, GeoComply provides geolocation fraud detection solutions for streaming video broadcasters and the online banking, payments and cryptocurrency industries. It has built a list of customers, including Akamai, Amazon Prime Video, BBC, BetMGM, DraftKings, FanDuel, and Sightline.
FinSMEs
26/01/2023