As part of the acquisition, GeoComply’s customers will have access to OneComply’s tools for streamlined licensing and compliance management in regulated industries. OneComply offers a centralized and automated licensing compliance service, simplifying the licensing process. The terms of the acquisition were not disclosed.
Anna Sainsbury, co-founder and CEO of GeoComply, expressed satisfaction with the completion of the acquisition process. Being an existing OneComply customer, Sainsbury was excited to welcome them into the GeoComply family. She emphasized that licensing can be a challenging process for entities operating in regulated industries like gaming or fintech. OneComply’s services alleviate this pain, benefiting both organizations and regulators.
The acquisition empowers GeoComply with unparalleled compliance capabilities, serving the gambling industry by offering a high standard of compliance. Adding OneComply’s licensing platform and expertise to their portfolio helps new and existing customers achieve and maintain a new gold standard in compliance and risk services. The combined resources enable unparalleled support for the gaming industry’s mission-critical compliance needs, encompassing areas such as AML, KYC, licensing, geolocation, sanctions compliance, and fraud prevention technology.
Cameron Conn, CEO and co-founder of OneComply, highlighted the opportunity to expand their services to more regulated industries globally through the acquisition. As fellow Vancouver-based entrepreneurs, GeoComply has been a source of inspiration for Conn and his co-founder Aaron Gould. They are enthusiastic about joining the broader GeoComply team and enhancing their world-class compliance and licensing solutions for regulated industries worldwide.
