Finductive: Driving Innovation and Partnerships in the iGaming Industry
Finductive: Driving Innovation and Partnerships in the iGaming Industry
In the bustling corridors of SiGMA, I sat down with Carsten, co-founder and director of Finductive, to delve into the company’s mission and its pivotal role in the iGaming industry. Despite the noise of a packed conference hall, Carsten’s enthusiasm for Finductive’s journey and vision shone through as he detailed the company’s innovative strides and strategic priorities.
A Mission Born from Industry Experience
Started in 2019, Finductive benefitted from its founders’ knowledge of the iGaming and sports betting industries.
“We saw a gap in the market for secure, efficient financial services tailored to the unique needs of the iGaming sector,” Carsten explained. With deep roots in the industry, the founders understood the challenges operators
face in managing payments, currency conversions, and regulatory compliance.
“Our mission was clear: to provide the iGaming industry with a proper banking payment platformproduct - one that offers safer, more secure payments and streamlines financial processes,” Carsten said. Finductive began small but quickly grew, leveraging its founders’ expertise to design solutions that addressed the sector’s most pressing needs.
Building an Ecosystem of Partnerships
At the heart of Finductive’s strategy is collaboration. Carsten spoke passionately about their vision for a Finductive Ecosystem, a network that connects iGaming operators with auxiliary service providers such as marketing firms, financial institutions, and payment processors.
directed by: Jessica Collins, Director of Media and PR at iGaming Enquirer
Project
Carsten Schaefer, Director
“Our ecosystem allows partners to connect with each other free of charge,” Carsten explained. “This fosters collaboration and innovation while helping businesses reduce costs and streamline operations. It’s not just about supporting the operators; it’s about strengthening the entire industry.”
This approach has attracted a wide range of partners from across the globe, spanning Europe, North and South America, Asia, and Australia. According to Carsten, these partnerships are instrumental in driving Finductive’s growth and influence.
Innovating for the Future of iGaming
With rapid advancements in fintech, Finductive is continuously evolving its services to meet the demands of the modern iGaming landscape. “When we started, we relied on external banking software. But as we grew, we realized the need for a more scalable solution,” Carsten revealed.
Finductive has since developed its own cutting-edge banking payment software, designed to handle higher transaction volumes and offer advanced features such as local multi- currency accounts and specialized onboarding solutions. “We’ve invested heavily in technology to ensure our platform can scale with our clients’ needs,” Carsten said.
One of Finductive’s key innovations is its focus on streamlining compliance. By partnering with a software provider tailored to the gaming industry, the company has simplified the onboarding process for clients while ensuring adherence to complex regulations.
Navigating a Regulated Market
The iGaming industry is known for its stringent regulatory requirements, which vary across regions. However, Carsten views regulation not as an obstacle but as an opportunity to demonstrate Finductive’s expertise.
“We’ve been in this industry long enough to understand its complexities,” he said. “Whether it’s navigating national or international markets, our in-depth knowledge allows us to guide our clients effectively and ensure compliance.”
Standing Out in a Competitive Space
Finductive’s deep industry roots set it apart from other financial service providers. “Being founded by people from the iGaming industry gives us a unique edge,” Carsten noted. “We understand our clients’ needs on a granular level, from account setups to handling multi-company agreements. This level of insight allows us to tailor our services and build strong, lasting relationships.”
Expanding Influence and Vision for the Future
Looking ahead, Finductive is focused on expanding its brand awareness and entering new markets. “Our name is well-known among many, but there’s still a lot of ground to cover,” Carsten admitted. The company plans to achieve this through strategic partnerships and innovative product offerings, including retail solutions and enhanced digital services.
Carsten also hinted at exciting developments on the horizon. “We’re exploring new card solutions for customers and refining our services to better cater to e-commerce and gaming clients. Our goal is to support businesses as they scale and help them navigate the ever-changing landscape of the iGaming industry.”
A Wrap-Up of Excellence
As our conversation concluded, Carsten reflected on Finductive’s journey. “We’ve come a long way since 2019, but our mission goal remains the same: to empower the iGaming industry with secure, innovative financial solutions. We’re excited for what the future holds.”
Finductive is more than a financial service provider; it’s a trusted partner for the iGaming industry, driven by innovation, collaboration, and a deep understanding of its clients’ needs. With its ambitious plans and commitment to excellence, the company is poised to shape the future of iGaming finance.
www.finductive.com
