ClearStake has secured £1.5m to accelerate growth of its player verification platform for UK iGaming operators. The funding is being put behind the rollout of ID by Bank, a service that allows players to confirm identity, affordability and source of funds directly through their banking app, helping operators reduce manual reviews and meet regulatory expectations.
Verification and affordability checks have become central to iGaming compliance in the UK, with operators needing to strike a balance between regulatory pressure and smooth customer onboarding. ClearStake positions its bank-assured approach as a way to speed up checks while providing operators with audit-ready data.
The company’s platform centres on a single API that connects operators to bank-verified identity, affordability and source-of-funds signals. ID by Bank is designed to replace document uploads with a faster, more reliable route through a player’s own banking app. ClearStake also offers broader affordability and source-of-funds features, which the company says can improve deposit conversion and reduce fraud.
The £1.5m round is backed by a group of industry angels including Michael Brady, Simon Collins, Savvas Fellas, Will Armitage, Philipp Strizke, Max Wright, Ben Clemes, David Flynn, Paddy Power and Sam Swannell. ClearStake notes additional experienced leaders on its cap table, such as Seth Young, Cormac Barry, Tom Cregan, Adam Perrin and Oliver Slipper.
ClearStake, founded in 2020 and based in London, says recent partnerships with operators including tombola, MrQ and Ivy Casino have used its platform for verification and audit support.
