Raketech Sells Casumba Assets for €12m, Focusing on Core iGaming Affiliation Platform
Raketech has sold its Casumba assets for €12m, marking a strategic move to reduce regulatory risks and focus on its core iGaming affiliation platform, AffiliationCloud. The deal, finalised on 24 September, involves no upfront cash payment and will be settled in monthly instalments until December 2029 with an 8% interest rate.
The sale comes after Casumba generated annualised revenues of €4m and EBITDA of €2.9m in Q2 2025. Despite this, Raketech CEO Johan Svensson sees the move as a step towards refining the company's portfolio and concentrating on its core goal of creating the top commercial platform for iGaming affiliation.
Raketech's decision follows a challenging Q2 2025, during which the company reported revenues of €7.8m, a 54% year-on-year decline largely due to issues within its Paid Publisher Network and changes in Google's advertising framework. The company's main Affiliation Marketing division, excluding Casumba, saw a 5% quarter-on-quarter increase, demonstrating a shift towards a platform-driven approach.
At closing, the deferred payment was valued at roughly €7m, with the €5m gap reflecting credit risk and the extended payment schedule. Raketech expects to book a non-cash loss of around €10m in Q3 due to the difference between Casumba's book value and the fair value of the agreed consideration. The sale to BlueOcean Gaming allows Raketech to eliminate regulatory exposure and unlock resources for growth opportunities, with AffiliationCloud now at the forefront of its long-term growth strategy.
