Interview with Phil Richards, CFO at GiG Software
Bildkälla: Stockfoto

Interview with Phil Richards, CFO at GiG Software

#femsnabba GiG Software is a fast-growing B2B iGaming technology company listed on Nasdaq First North Premier Growth Market in Stockholm. With cutting-edge, fully compliant solutions powering operators across 30+ regulated markets worldwide, GiG combines innovation, scalability, and data-driven insights to drive sustainable growth. In this #femsnabba interview, the company shares its current momentum, vision for the future, and what investors can expect on the journey ahead.

About us:

GiG Software is a leading B2B iGaming technology company that provides premium solutions, products, and services to iGaming operators worldwide, fully compliant with regulatory requirements. GiG’s proprietary technology empowers our partners by delivering dynamic, data-driven, and scalable iGaming solutions that drive user engagement, optimise performance, and propel sustainable growth in the ever-evolving digital landscape. GiG’s vision is to be the pioneering force in the iGaming industry, transforming digital gaming experiences through innovation and technology that inspire and engage players worldwide. 

GiG operates out of Malta and is listed on the Nasdaq First North Premier Growth Market in Stockholm, Sweden, under the ticker GiG SDB.

1. Where are you right now and what do the next few years look like?

 – We're in a very exciting phase currently: one year on from our IPO (Ticker: GIG-SBD) on the Swedish First North Premier Growth Market and we've already demonstrated how this business can transform into a high growth, scalable and profitable operation.

During our last (Q2 2025) results, we announced not only a 27% YoY increase in revenues, but also a €2.1m increase in adjusted EBITDA, with 100% revenue growth dropping through to the bottom line, alongside a significant strengthening of our balance sheet as a result of two directed share issuances amounting to €26.7m amongst the key highlights of the quarter. 

We have set out our vision for the next few years of continued high revenue growth, cash generation and significant EBITDA increases year on year. This is driven both by our exceptional current partner base and our sales pipeline momentum, with the announcement that we recently signed both a significant lottery deal in Europe and a new partner in the Brazilian market, all of which underpinned by our market-leading technology and global market access. We are only at the beginning of our journey to realise the potential that GiG has, and the future has never looked brighter for the Company.

2. What has, in the near future, affected/is affecting the company's position the most?

 – We continue to be exposed to the challenges of an evolving regulatory environment across the igaming space. However, having strategically focused on regulated markets for close to a decade, GiG has built a unique position of strength, operating today in 30+ regulated jurisdictions worldwide. This experience and reputation place us at the very forefront of opportunity as legislation and regulation continue to shape a rapidly maturing global marketplace. Our focus remains on growing alongside existing partners while onboarding new ones, ensuring that we not only adapt to regulatory change but leverage it as a driver of long-term global expansion.

3. What are your biggest challenges?

 – As I have mentioned, the changing regulatory environment is something we are continually monitoring, but for us this is a huge positive as we have such experience to leverage in regulated markets that any emerging new regulations only provide us with additional opportunities to capture market share in new markets given our track record in the regulated space.

 4. Tell us a little about your visions. Where are you headed?

 – We are in a rapid growth phase of the company and are expecting this trajectory to continue through the coming years. As a company we are extremely ambitious and want to ensure that we are realising our full potential of a global, high-growth, scalable and significantly cash generative business as quickly as possible. For us the sky's the limit - GiG has only just started on the journey to becoming one of the biggest players in the market.

 5. What can a shareholder expect from you as a company?

 – A shareholder will be investing not only in an exciting, high-growth and profitable opportunity in a rapidly evolving global growth market, but also in a management team with a proven track record in this space with significant experience in the B2B igaming space across the board. Our CEO Richard Carter, for example, as CEO of SBTech (a leading B2B sportsbook solutions provider), lead the efforts to merge DraftKings with SBTech in one of the first SPACs of its kind in the US for $3.3bn, which has risen to a market cap of $21bn as of today, and has brought a number of his management into GiG for the Company to benefit from this experience and expertise. 

 

GiG Software

 

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