Virtuwise, a compliance automation platform serving iGaming operators and payment processors, announced an $18 million Series B funding round on November 1, with participation from Tier 1 Capital and Founders Fund. The capital will accelerate product development and geographic expansion, focusing on emerging-market compliance frameworks and Asia-Pacific market penetration.
The Dublin-based firm provides AI-driven know-your-customer (KYC) and anti-money-laundering (AML) solutions, automating identity verification, sanctions screening, and ongoing player monitoring for licensed operators. Virtuwise's platform integrates with operator core systems, reducing manual compliance overhead by an estimated 60-70% compared to legacy processes.
Virtualwise CEO states the funding enables accelerated hiring in product, engineering, and compliance partnerships. The firm plans to launch Mexico, Colombia, and Philippines-specific compliance modules by Q2 2027, addressing regional regulatory frameworks and documentation standards.
Competitors including Socure and Ondato are likewise expanding emerging-market compliance capabilities, indicating broad market demand for jurisdiction-specific, scalable KYC automation. Industry observers note that consolidation among compliance-tech vendors remains likely, with larger platforms acquiring specialized regional expertise to broaden market coverage.
Source: VentureBeat
Anton Voronov
B2B Analyst
Member of the iGaming Pulse editorial team. Covering industry news, analysis, and B2B developments across the global iGaming sector.
