How Yolo Group is reaping the benefits of ONE.io’s alternative business banking solution
As the operator of several digital asset-based gambling and sports betting brands – sectors seen as high-risk by traditional banks – Yolo Group faced a headache finding reliable banking services.
ONE.io has made understanding its customers’ business models a key focus, allowing it to offer innovative and secure accounts for operational payments whilst satisfying all EDD and AML requirements.
Our speed and agility has empowered the next stage of Yolo Group’s growth, through the provision of access to our global fiat rails and leading capabilities within the digital asset sector.
As a safe, adaptable, and competitively-priced financial services partner, we are perfectly positioned to change the way the gaming industry banks.
“Since we onboarded with ONE.io, the team has always been proactive in finding solutions, and this makes for a pleasant change in a sector where many banking providers’ first instinct is to look to mitigate their perceived risk by saying ‘no’. ONE.io spends significant time with its customers to build an understanding of the business model first, so that any concerns are addressed upfront eliminating issues further down the line. As well as facilitating the growth of our own business, we are now working closely with ONE.io to find new opportunities to proliferate their services across the entire Yolo Group ecosystem and beyond. We have a vast number of intra-group payments each month, and this has been hugely simplified with payments happening in a closed-loop environment. We recognise the KYC / AML requirements in today’s financial world, and enjoy working with ONE.io proactively to facilitate the seamless and automated sharing of information, which ensures ONE.io has all the information it needs to move our money efficiently.”
Tim Heath, founder of Yolo Group and GP of Yolo Investments
The challenge…
Gaming and sports betting companies always face challenges when seeking out fast, reliable, and secure banking options, particularly when they also operate with digital currencies.
AML hurdles tend to slow down the core business, making it a challenge for these companies to provide the speed of service that modern customers now demand.
Exorbitant fees, and the long waiting periods associated with opening new accounts only serve to compound the problem.
The solution…
ONE.io has revolutionised the onboarding process for gambling and sports betting companies. By leveraging our expert industry knowledge, we are able to complete thorough KYC and compliance checks without the type of delays which many have come to expect. Once onboarded with us, our clients and suppliers benefit from being part of the same ecosystem, providing them with the potential to make free and fast fiat settlements to other ONE.io customers and accounts.
At a time of considerable financial and regulatory uncertainty, we provide our customers with stability and a foundational platform for growth and prosperity. Through our integration with a multitude of banking partners, supported by a robust and global licensing regime, we embed contingency and security-of-service within our platform so that our clients do not need to manage this themselves. Moreover, through our broad and competitively-priced product offering, we provide endless financial flexibility and options, allowing our clients to thrive in spite of immensely volatile macroeconomic conditions.
We pride ourselves on providing an exceptional level of service, built upon a foundation of open and transparent communication and trust, which fosters strong client relationships. This includes 1:1 account management across the entire ONE.io network, open lines of communication via social channels, and a dedicated support team which works around the clock to ensure tickets are swiftly resolved.
The next step…
ONE.io and Yolo Group are working together to build the industry’s best gaming and sports betting financial services partner.
As an early backer of ONE.io, Yolo Investments is helping us reach and onboard new customers throughout the entire Yolo Group network and beyond.
This is helping Yolo Group and Yolo Investments companies grow, as they now get to enjoy the benefits of our services too, including simplification of business and treasury processes, cost savings, and the ability to move funds seamlessly between accounts and entities within the ONE.io network.
