iGaming Operator in Africa Seeking Expansion Fund

Investment Opportunity Overview

A well-established, multi-channel sports betting and gaming operator is seeking €3M in growth capital to accelerate its expansion across multiple African markets. The company already operates under valid licenses in four countries and has built a strong, scalable footprint across both retail and online gaming.

Current Operations & Performance

The operator manages a network of more than 475 betting shops through both owned and franchise models, supported by 75 slot machines located in partner venues. Its online platform, which supports multi-currency and crypto payments, serves over 4,000 active players and has achieved 300% year-over-year growth.
In 2024, the business generated €2.5M+ in revenue and €250K+ in EBITDA, demonstrating both commercial traction and operational efficiency.

Business Model

The company benefits from three synergistic revenue streams:
– A robust retail network operating corporate and franchise betting shops.
– A fast-growing online platform offering sports betting and iGaming with traditional and crypto payment options.
– A physical slot machine network with significant room for expansion.

This multi-channel model provides diversification, operational resilience, and strong growth potential.

Competitive Strengths

The operator maintains a unified brand across all territories and holds the distinction of operating Africa’s first Premier Crypto Gaming site. It has secured partnerships with over 15 tier-1 technology and platform providers. In two of its core markets, it is already a market leader—ranked first in one region and second in another—supported by a cost-efficient franchise expansion strategy that minimizes capital intensity.

Use of Funds

The €3M growth capital will be deployed across several strategic initiatives, including marketing and player acquisition, strengthening corporate infrastructure, purchasing 300 new slot machines for high-end venues, entering two additional African markets, and enhancing existing operations.

Five-Year Growth Outlook

The company projects substantial growth driven by market expansion and scale efficiencies. Total wager volume is expected to rise from €24M in 2024 to €428M by 2028, with EBITDA increasing from €256K to €24.7M over the same period. The retail network is forecast to grow from 475 to 849 locations, while the slot machine network is anticipated to expand from 75 to 1,125 units.

Investment Highlights

This opportunity offers access to a proven operator with leadership positions in key African regions, diversified revenue streams, and a scalable franchise model that keeps capital expenditure low. The business is fully licensed across four jurisdictions and managed by an experienced team with more than 30 years in the gaming industry. A clear expansion roadmap is already in place, targeting some of the most promising markets on the continent.