Swifty Global, formerly known as Dear Cashmere Holding Company (OTC: DRCR), is making waves in the African market, and its subsidiary, Swifty Gaming, is at the forefront of this exciting journey. Renowned for its innovations in the Fintech and Sports Betting sectors, Swifty Global is now strategically expanding into the African continent. Let’s explore this thrilling development from a Swifty Gaming perspective.
Swifty Global has been a dominant player in the Fintech and Sports Betting industries, operating with multiple licenses worldwide. In 2022, it introduced the revolutionary Swipe Betting Sports Predictions application, alongside traditional Sportsbook and Casino Gaming platforms. However, it’s the recent strategic expansion into Africa that has garnered significant attention.
Swifty Gaming, a subsidiary company of Swifty Global, specializes in sports betting and gambling gaming. With its expertise and focus on this sector, Swifty Gaming is set to play a pivotal role in the African expansion.
The year 2022 and the first quarter of 2023 have been transformative for Swifty Global. The company achieved impressive financial milestones during this period. The highlight is its acquisition of 100% of the business-to-business contracts and technology from GLNetworks Ltd (GLN), an all-cash deal that has redefined Swifty Global’s reach and potential.
Africa presents a vast market with a potential user base of 1.2 billion individuals, but it comes with unique challenges. Swifty Global recognized the distinct characteristics of the African market, including client onboarding, Know Your Customer (KYC) requirements, and mobile payment methods. To address these challenges effectively, Swifty Global, in collaboration with Swifty Gaming, is swiftly integrating GLN’s technology, promising to expedite its market entry into Africa.
The strategic acquisition not only provides technology but also brings on board five highly experienced professionals. These individuals, in coordination with Swifty Gaming, possess invaluable insights into their local markets, including Zambia, Tanzania, Kenya, and Uganda, where Swifty Global plans to roll out its technology through prominent operators. With a potential market size of 182 million users in these countries and an impressive list of 1.35 million active customers, Swifty Global and Swifty Gaming are poised for rapid growth.
While the focus is on these promising African markets, Swifty Global and Swifty Gaming are gearing up to make a significant announcement regarding their entry into the South African market. This move is expected to further solidify their presence on the continent and open up exciting opportunities in sports betting and gambling gaming.
Swifty Global’s CEO, James Gibbons, shared his enthusiasm about the African venture, with Swifty Gaming playing a central role: “This deal is a culmination of more than a year of meticulous market research and exploration of potential opportunities. With our acquisition of GLN’s technology and the addition of experienced local talent through Swifty Gaming, we are well-prepared to conquer the African market in sports betting and gambling gaming. Our goal is not just to have a presence but to thrive and contribute to the growth of these vibrant economies.”
Swifty Global’s expansion into Africa, with Swifty Gaming leading the way in sports betting and gambling gaming, is a testament to its vision, adaptability, and commitment to strategic growth. With an eye on the unique challenges and opportunities the continent offers, Swifty Global and Swifty Gaming are set to make waves in the Fintech, Sports Betting, and Gambling Gaming sectors. Stay tuned for further developments as this exciting journey unfolds.