Swifty doubling up in quick-time

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Fintech and sports betting provider Swifty Gaming has generated $3.5m in revenue during September – and predicts that it will double this by December.


The company launched two mobile apps for sports predictions in the UK and a global digital wallet with AI and cryptocurrency transactions technologies.

Expansion ambitions by Swifty will take it rapidly into the international markets, said the company. “The onboarding process is labour intensive because it involves KYC (Know Your Customer) and AML verification before setting up their accounts,” it said. 

“Following a stronger than anticipated uptake and the bullish outlook of its client base, in conjunction with upcoming major sporting events such as Cricket World Cup and FIFA World Cup, the company has updated its short- and medium-term outlook. Swifty anticipates delivering an annual revenue run rate of $75m to $100m and in the medium- to long-term; the company anticipates reaching a billion dollars in annual revenue within the next few years through both organic and acquisition growth.”

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The company added: “Swifty primarily develops its own certified software in-house and other than the live sporting data feeds, the company relies on very little software development outsourcing. Therefore, management believes that the company can operate at a significantly leaner cost base than the market average. This presents the opportunity for Swifty to invest heavily in marketing of its Swifty Predictions betting application (swipe based) over the next 12 months given that Swifty’s Gaming division is generating exceptional revenue off the back of an extremely lean cost base.”

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