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Veriff Appoints Jeffrey Guy to President and COO

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Veriff, a global identity verification (IDV) provider, announced the appointment of Jeffrey Guy as President and COO.

Jeffrey brings a wealth of leadership experience at technology companies in driving profitable growth and expanding product portfolio. Before Veriff, he was Chief Operating Officer at DigitalOcean, a publicly traded cloud computing platform provider. In this role, he built and led a global team of 1100 – scaling and maturing the business from $180M of revenue to $800M while simultaneously turning around the free cash flow of the company. Before DigitalOcean, he held similar leadership roles at DigitalGlobe (Satellite and Earth Observation) and Trimble (GPS Technologies).

“Jeff has an incredible track record of scaling businesses, and having someone of his caliber on board is a real coup for Veriff as we are on our journey of becoming the global source of truth for identity online. I’m looking forward to working with Jeff, his enthusiasm, drive, and determination will strengthen our position in providing the most accurate global identity verification online as we go after even more ambitious goals in our next growth stage,” Kaarel Kotkas, CEO of Veriff, said.

“I am excited to join the Veriff team at this pivotal time and have the ability to develop game-changing solutions for a transforming identity marketplace while also having fun and enjoying the culture of being part of a winning team,” Jeffrey Guy said.

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SharpLink Gaming Announces Strategic Alternatives Process

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SharpLink Gaming, Inc. (Nasdaq: SBET) (“SharpLink” or the “Company”), an online performance-based marketing company serving the U.S. sports betting and iGaming industries, today announced that its Board of Directors (“Board”) has initiated a formal review process to evaluate strategic alternatives for the Company. The Board and management team are taking a measured approach to considering multiple proposals that have been received by the Company and other proposals it expects to receive.

SharpLink has been exploring strategic alternatives that include, but are not limited to, a sale, merger, strategic business combination or other transaction. SharpLink has not set a deadline or definitive timetable for completion of the strategic alternatives review process and there can be no assurance that this process will result in the Company pursuing a transaction or any other strategic outcome.

Rob Phythian, Chairman and CEO of SharpLink, stated “With the strategic sale of our fantasy sports and sports games development businesses in January 2024 to RSports Interactive for $22.5 million in cash and the elimination of all of our interest-bearing debt, coupled with the subsequent redomestication of our Company from Israel to Delaware and the appointment of a new Board comprised of truly world class business executives, SharpLink has transformed into a pure-play, Nasdaq-listed affiliate marketing company with a strong, clean balance sheet. As part of the Board’s efforts to evaluate strategic alternatives, it is advancing discussions with those prospects that we believe offer SharpLink the best opportunities to optimize our existing business operations, drive growth and create and maximize value for our shareholders.”

SharpLink does not intend to make any further public comment regarding the review of strategic alternatives until a definitive agreement has been executed or the Company determines that disclosure is required by law or otherwise deemed appropriate.

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SCCG Appoints Alan Peters as Client Success Manager

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SCCG Management, the leading global advisory firm in the gaming industry, has appointed Alan Peters as its new Client Success Manager. Alan joins the SCCG team at their headquarters in Las Vegas, bringing a wealth of experience in Account Management and Logistics. In his new role, Alan will be instrumental in prospecting and expanding our database while supporting the team and our 120+ client partners with various gaming initiatives and projects.

Alan’s extensive background in managing complex accounts and logistics will be particularly valuable as SCCG embarks on its ambitious tribal roadshow. This initiative involves visiting up to 100 tribal casinos over the next 6-8 months, requiring meticulous planning and execution to ensure success.

Alan Peters said: “I am incredibly grateful for the opportunity to join SCCG Management. I look forward to leveraging my experience in account management and logistics to contribute to the growth and success of our client partners. The upcoming tribal roadshow is an exciting challenge, and I am eager to support the team in making it a success.”

Stephen A. Crystal, Founder and CEO of SCCG Management, said: “We are thrilled to have Alan Peters join our team. His ambition and drive will be a significant asset as we continue to expand our services and support our clients’ growth in the gaming industry.”

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PayKings Introduces Premier High-Risk Merchant Processing Solutions for Seamless Approval

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PayKings, a payment processing service, has introduced products aimed at businesses needing assistance to obtain standard merchant accounts. The company’s new solutions target enterprises in industries that many financial institutions consider high risk.

Established in 2011, PayKings has since expanded its sales in the merchant processing sector and proudly earned a place on the Inc. 5000 list. The company’s team boasts over 50 years of experience in payment solutions, specializing in assisting businesses that might face challenges in obtaining credit card processing services.

“We’ve seen how many legitimate businesses struggle to find reliable payment processing. Our expanded services are a direct response to the gaps we’ve observed in the market,” said Kyle Hall, Chief Executive Officer at PayKings.

A high risk merchant account is generally required for businesses engaged in industries such as online gambling, dietary supplements, vitamins, subscription businesses, and travel-related industries. These sectors often face challenges when obtaining credit card processing functionality due to elevated chargeback risk or compliance concerns.

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PayKings’ new products include organic underwriting strategies tailored to the specific needs of high-risk businesses. The company has also developed advanced fraud identification measures and chargeback prevention methods to deliver better results for clients.

“Every business deserves a fair shot at growth. We’re not here to judge industries. Our job is to facilitate secure, efficient payment processing for legitimate businesses, regardless of their risk classification,” Hall added.

The application process for PayKings’ high risk merchant account involves a detailed review of each business. While this process is thorough, the company aims to make it as straightforward and seamless as possible for applicants who often see same or next day approvals.

Connor Haynes, owner of an online vape shop, said: “I was really impressed with how quick and easy it was to get started with PayKings. The approval process was straightforward, and their support team was very helpful in answering all my questions. Now, I can focus on growing my business without worrying about payment processing issues.”

PayKings emphasises its commitment to compliance with all relevant regulations in the payment processing industry. The company maintains relationships with multiple banking partners, allowing it to offer diverse solutions for different business needs.

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In addition to its core services, PayKings has expanded its educational resources. The company’s website now features a series of articles and guides about high risk merchant accounts, credit card processing, and the broader landscape of payment solutions for challenging industries.

“We would like our clients to take charge and be more in control. People who created these industries have insights that make it invaluable to them to know the nuances of payment processing, particularly in such a risky business,” said Kara Hall, PayKings’ Vice President of Operations.

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