Geolocation and compliance firm Xpoint has secured a fresh round of funding, which is being led by investment firm Bettor Capital.
Xpoint said the investment would be used for research and development and to expand its product and engineering teams. The company said this would support the rollout of new products into new regulated markets. The news follows the appointment of Shaan Devaraj as Chief Technology Officer in November.
Xpoint provides address location verification and regulatory compliance for online gaming companies, including tools to identify potentially suspicious wagering patterns and prevent location spoofing.
Xpoint said it is in the process of deploying its technology in partnership with multiple North American operators and some international companies.
