Swifty Global secures further expansion with the purchase of GLNetworks LTD (GLN)
Meet Swifty Global, previously recognized as , a trailblazing technology firm dedicated to revolutionizing the Fintech and Sports Betting sectors. With a robust global presence and a relentless commitment to innovation, Swifty Global is reshaping the landscape of these industries. Join us as we explore the remarkable journey of this exceptional company.
Swifty Global operates under multiple licenses, spanning numerous jurisdictions worldwide. In mid-2022, it unveiled its proprietary , alongside traditional Sportsbook and Casino Gaming platforms. Since then, the company has been actively executing its ambitious global expansion strategy.
The year 2022 and the initial quarter of 2023 have been nothing short of remarkable for Swifty Global. The company achieved impressive financial milestones during this period. Most notably, Swifty Global recently completed a significant all-cash acquisition, securing 100% ownership of the business-to-business contracts and technology from GLNetworks Ltd (GLN).
This strategic move has substantially enhanced Swifty Global's technology portfolio, enabling the rapid deployment of its technology in five African countries. These nations have a rich tradition of sports betting and boast a potential user base of 182 million individuals. Swifty Global will collaborate with prominent operators in Zambia, Tanzania, Kenya, and Uganda, anticipating a rapid return on investment within just six months.
While Africa presents an enormous market potential, with 1.2 billion potential users, the operational dynamics in the region differ significantly from more mature markets. Key distinctions revolve around client onboarding, Know Your Customer (KYC) procedures, and mobile payment methods. The acquisition of GLN's technology equips Swifty Global to seamlessly integrate its product offerings, facilitating a quicker market entry into the African continent and driving exponential growth.
This technology acquisition also brings five highly experienced professionals into the Swifty Global fold. These new team members bring their unique skills and an in-depth understanding of their respective local markets, further augmenting the existing team of thirty-five.
Swifty Global has exciting plans on the horizon, with an imminent announcement regarding its foray into the South African market. This move will solidify the company's presence in Africa.
James Gibbons, the CEO of Swifty Global, shared his thoughts on the acquisition: "We are delighted to have concluded this deal, securing a substantial presence in the African market after more than a year of exhaustive market research and exploration of potential opportunities. This acquisition not only grants us a foothold in Africa but also brings on board valuable team members who will play a pivotal role in helping us achieve our revenue targets and milestones."
Swifty Global's journey is marked by innovation, strategic expansion, and an unwavering commitment to excellence. With a firm foothold in Africa and a global vision, this company is poised to continue its remarkable growth trajectory in the Fintech and Sports Betting sectors. Keep an eye out for more exciting developments from Swifty Global.