FSB becomes B2B only technology services provider
FSB has completed its overall transformation into a B2B only technology services provider after the discontinuation of its white label business.
FSB triggered a three-year plan to evolve its business into an end-to-end B2B software supplier operating model after securing a multi-million growth investment from private equity group Clairvest in 2019. This corporate goal was attained recently after the UK’s leading independent bookmaker JenningsBet became the final client to exit FSB’s licensed B2C white label business.
This successful evolution comes at a time of growth for the provider with market entry achieved in the US alongside multiple partnerships formed in the newly regulated province of Ontario and a major Tier 1 WLA relationship in Europe via the Hungarian National Lottery backed SZRT Slovakia.
Dave McDowell, chief executive officer at FSB, said: “The completion of our three-year journey to become a pure B2B gaming technology and services provider truly heralds a new era for us at FSB.
“This transformation has been our end goal since we secured major investment from Clairvest in 2019 and over the last couple of years we’ve collaborated closely with our white label partners while they secured independent banking facilities, successfully obtained their own remote operating licences and ultimately transitioned to assume their own regulatory responsibilities.
“Our platform technology products, headlined by our award-winning omnichannel sportsbook, have been the bedrock for our growth over the last 18 months and we now look forward to expanding these trusted services further across regulated markets in multiple global regions in the months and years ahead.”