Betbazar has entered into a partnership with Kycaid, an identity verification service

Betbazar is an innovative product hub for betting companies, that offers high-quality online sports and esports events, data, statistics, and marketing automatization tools.

Kycaid renders services such as KYC, AML check, face matching, address verification, and other verification procedures for betting companies.

“Our main purpose is to provide our clients with the best solutions on the market, which will help betting companies simplify business processes and increase their revenue. Safety for businesses and their clients is one of the most important things in our industry. Kycaid – it’s a company which helps businesses became more secure. We are glad that this solution will now be available for our clients and partners.” – says Alex Iaroshenko, CEO at Betbazar.

Customer verification issues are important for betting companies due to the nature of the industry. First of all, there is a possibility of accessing minors to betting. The industry is also at high risk of money laundering and other economic and cybercrimes – Kycaid helps prevent these risks for betting companies.

CEO Kycaid Mykola Mashkovskyi says about the partnership with Betbazar: “I am proud to begin our partnership with Betbazar. Betbazar is known for its significant network in the industry and cooperation with the top providers. This is a great honor for me and KYCAID team to cooperate with Betbazar. I am sure that we can help all their client companies secure the businesses, improve risk management, and client onboarding. We expect that our cooperation with Betbazar will build trustworthy partnerships with their clients, visibility, and the best standards of work.”

Within the new partnership with Kycaid, Betbazar clients can secure their businesses and meet the requirements of any supervisory authorities.