Venture capital fund Yolo Investments has become a strategic partner and shareholder in the financial institution AIMS Holdings.
Founded in 2017, AIMS Holdings is an established OTC broker cryptocurrency brokerage company offering digital currency trading solutions to a global client base across the gambling sector. The investment opportunity will also give Yolo ongoing involvement in AIMS’ subsidiary Credis.
As an FCA approved payments institution, Credis intends to provide boutique corporate banking service to a private membership network and their payments platform will provide complete financial inclusion for sports betting, gambling and cryptocurrency companies. With the funds being used to support their growth plan, Yolo also hopes to benefit both AIMS and Credis with onboarding clients by means of their extensive contacts in the sports betting and gambling sector.
Yolo founder and general partner, Tim Heath said: “By supporting AIMS both financially and with our knowledge of the sector, we hope to advance the ever-growing sports betting, gambling and cryptocurrency ecosystem to new levels.
“They have great management, a good amount of enthusiasm and ambition to innovate this sector, and their conversion prices are the best in the market, so we are positive they have what it takes to grow to the next level.”
Andrew Clover, CEO of AIMS Holdings, said: “We are delighted to have completed a meaningful financing round with Yolo, and with it, join their network. They are the model strategic partner who share our vision of making top tier, secure and trusted financial services open and accessible to the underserved gaming industry.
“With being able to bring to bear the Yolo war chest of capital and industry connections, in combination with our financial expertise, we are poised to deliver on the strategic vision and become the must have account for gaming and cryptocurrency industry participants.”