Compliance Specialist Letzz Secures Investment from Ex-Kindred CEO

Letzz, a startup compliance specialist, has unveiled a major investment from a former Kindred executive. The former firm, which seeks to leverage artificial intelligence to “eliminate tedious tasks and transform compliance into a growth driver,” hailed the backing and said that it will provide its business with a much needed boost.

The Investment Will Help Letzz Transform Compliance

According to Letzz’s announcement, this investment comes from Henrik Tjärnström, Kindred Group’s former chief executive officer. Although the company did not confirm the size of his aid, it called the development a “significant investment.”

Founded in 2023, Letzz remains ambitious about turning compliance into an opportunity for innovation. This mission resonated with Tjärnström who highlighted the challenges compliance poses to the online gaming sector.

Letzz noted that the investment will allow it to break the usual boundaries and transform compliance – an aspect of gaming that tends to be neglected by many online gaming companies. The company seeks to transform what many perceive as an obstacle into a “strategic and commercial enabler.”

Letzz, which seeks to revolutionize compliance, boasts a variety of cutting-edge features, such as automated regulatory news scanning and expert-validated compliance knowledge base. Thanks to that, it can ensure that its clients have a reliable source for managing their compliance-related matters.

A further highlight of Letzz is its platform’s transparency and auditability, which allows seamless cooperation between companies and advisors.

Tjärnström Was Described as a Perfect Fit for Letzz

Tjärnström commented on his investment, highlighting the importance of reliable compliance solutions to the iGaming sector. He said that compliance management is one of iGaming’s biggest and “potentially costliest” pain points.

Letzz is tackling this challenge head-on, developing a platform that’s secure reliable, and practical for operators. I’m proud to support a solution that addresses such a critical industry need.

Henrik Tjärnström

Daniel Gambin, one of Letzz’s founders, echoed Tjärnström’s sentiments, noting that many iGaming companies feel that compliance management has become a burden. He added that costs in regulated markets seem to be rising faster than revenues, highlighting the importance of robust compliance solutions.

As a result, Gambin thanked Tjärnström for his trust and support, which will allow Letzz to enhance its critical services.

Having worked with Henrik for many years, I can’t think of anyone better to have as an investor. This is just the beginning of turning compliance from a perceived obstacle into an opportunity for real innovation.

Daniel Gambin, co-founder, Letzz

Tjärnström Quit Kindred Two Years Ago

Tjärnström exited Kindred in 2023, opting to explore other opportunities. Soon after his departure, Kindred named Nils Andén as its interim CEO. Almost a year later, the company promoted Andén to permanent CEO.

Speaking of Kindred, the company recently pulled back from the Polish gaming market shortly after its Unibet brand was extensively scrutinized by Graj Legalnie, an association that opposes offshore gaming in the country.