Kambi has fully repaid the €7.5m [$8.3m] convertible bond held in its business by Kindred Group, enabling the B2B betting and gaming supplier to expand directional control.

The bond was established as part of the terms of Kambi’s divestment from Kindred back in 2014, after which Kindred became a primarily B2C-focused company via its Unibet and 32Red holdings.

Despite the divestment and bond, Kindred and Kambi have maintained a commercial partnership in the years since, with the latter providing the operator with its range of sportsbook solutions.

The partnership between the two was most recently renewed in February 2022, extending the arrangement until 2026 and factoring in Kambi’s support for the development of the Kindred Racing Platform.