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Affiliate SoftwareOperator PlatformMicrosoft-stack incumbent
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NetRefer Review

6.9/10

The Microsoft-stack build of the enterprise affiliate platforms: a founder-owned Malta company running since 2005 on Azure with its data layer on Databricks, the only vendor in the category publishing its own operating numbers (99.97% uptime and 99.70% SLA achievement, June 2026), with commission mechanics readable in public manuals and a client record anchored by Flutter's affiliate terms and a 2025 FDJ United renewal, though the installed base has held near 112 programs since May 2024 and the recent named platform moves went out.

  • Founded 2005
  • HQ Msida, Malta
  • 61+ team
  • Mid-size
  • B2B-only
  • Updated Aug 15, 2026
Our take

The product argument is the stack: NetRefer runs on Microsoft Azure, keeps its Data Management Platform on Databricks, documents its full commission engine in public manuals, and is the only platform in the category that publishes its own operating numbers, with 99.97% uptime and 99.70% SLA achievement printed on the June 2026 homepage. The client record matches the enterprise pitch, led by Flutter's affiliate terms naming NetRefer in legal text and an FDJ United renewal dated 2025-09-22 that survived an acquisition and expanded into lottery brands. The catch is direction: the installed base has sat near 112 programs since May 2024, the named migrations of the last three years went out rather than in, and every commercial figure is on request.

USNo regulated programUKFlutter programs live
21 yrsin market61+Team
Category
Affiliate Software
Best for
Mid-marketEnterprise
Products
Reward Plan ManagerBI Analytics & CoPilot AIEnhanced Tracking & APIs
Verticals
CasinoSportsbook
US / UK
US · No regulated programUK · Flutter programs live
PricingOn request
OwnershipPrivate
Regions
Europe
Verdict

Our read

6.9/10
GoodReviewed by Partnerkin ResearchJuly 2026
Commission & payout engine7.4

Four revenue share types, four CPA types, hybrid with reward-the-higher logic, CPL, sub-affiliate and Guaranteed Reward Plans, all readable in public manuals, held back because negative carryover handling is unnamed on any public surface and payout execution stays with the operator.

Tracking & data integrity8.0

The strongest data-integrity record in the roster: bot-detecting Enhanced Tracking, GraphQL and Data Ingestion APIs, the ASR 1.0 affiliate-side reporting standard, an Azure and Databricks stack, and the category's only published operating telemetry with 99.97% uptime and 99.70% SLA achievement (June 2026).

Integrations & migration record6.6

A four to six week implementation window, a structured migration process, and 21 years of platform integrations, held down because no public integration catalog exists and the recent named migration flow ran outbound to MyAffiliates and ReferOn.

Fraud & compliance6.0

Bot detection in the tracking layer plus a GDPR posture, with no pre-payout quarantine and no affiliate KYC tooling at all.

Scale & track record6.7

Deep enterprise retention proven by Flutter legal text, FDJ United program-site copy, and dated 2025 to 2026 renewals across 21 years in market, capped because the 112-program StatsDrone base has been flat since May 2024 on a team of about 61.

Commercials & support6.6

The most commercially explicit of the incumbents, with a stated fixed-subscription model carrying no revenue share and no usage metering plus published SLA attainment and a 24/7 emergency line, but zero published numbers and no sandbox.

Methodology. Our own score, a weighted average of six dimensions, tilted toward commission and tracking. Scored on the operator platform scale, where the commission and payout engine leads at 0.22 and tracking and data integrity follows at 0.18, which rewards the documented reward engine and the published telemetry while the flat installed base, the outbound migrations, and the quote-only commercials hold the file under 7. Read the full methodology

Strengths
  • The commission engine is documented in public user manuals rather than behind a sales gate: four revenue share types, four CPA types, hybrid plans with reward-the-higher logic, CPL, sub-affiliate plans, and Guaranteed Reward Plans, customizable at the affiliate, brand, and campaign level.
  • The only published operating telemetry in the category: the June 2026 homepage prints 1.5 billion requests ingested, 5.3 TB processed, 99.97% platform uptime, and 99.70% SLA achievement, on a stack of Microsoft Azure and Databricks.
  • Client proof of the strongest class: Flutter's Betfair affiliate terms name NetRefer in clause 5.18, the FDJ United program site states it runs on the NetRefer platform, and the renewal record is dated, with FDJ United on 2025-09-22, Casumo on 2026-05-25 in a 14-year partnership, SuprNation on 2026-06-16, and Interwetten, a client since March 2009, on 2025-06-17.
  • The commercial model is on vendor record even without numbers: a fixed subscription with no revenue-share fees and no usage-based metering, paired with 24/7 support that includes an emergency contact telephone line and a stated four to six week implementation window.
Watch-outs
  • The recent named platform moves all went out: Betsson, historically the flagship account, completed its migration to MyAffiliates in June 2023, MozzartBet left for MyAffiliates on 2024-08-01, and 7StarsPartners is mid-migration to ReferOn.
  • The installed base is flat: StatsDrone counted 111 programs in May 2024 and 112 in January 2026 while the top three platforms grew, so the roster is holding rather than expanding and smaller programs are backfilling the named departures.
  • Negative carryover handling is not named anywhere on NetRefer's public surfaces, which is a first-call scoping question for any program running revenue share.
  • The fraud layer stops at bot detection in the tracking, with no pre-payout quarantine and no affiliate KYC tooling at all, so compliance-heavy programs will build those controls around the platform.
  • Current award recognition has moved to the challengers: NetRefer is absent from the iGB Affiliate Awards 2026 Best Affiliate Management Platform shortlist and shows no 2025 organizer-side wins, on a team of about 61 people carrying an enterprise roster.
Best for

European regulated multi-brand operators that want enterprise program infrastructure with commission mechanics they can read in public manuals before a sales call, a Microsoft-native data stack their BI team already knows, and reference clients named in contract text.

Not for

US-facing or LatAm-first operators, since no US-regulated program appears anywhere, and teams that need published pricing or a sandbox, because every figure is on request and no test environment exists.

Where you can run it

Markets & licensing

Affiliate platform software is not a licensable activity, so there is no register entry for NetRefer and none should be expected. What stands in its place here is unusually strong. The contracting company is on the Malta registry as Arnold Media Limited, company number C 39896, trading as NetRefer out of Msida. Flutter's own Betfair affiliate terms name NetRefer in clause 5.18 as the provider of the affiliate platform and system maintenance, which is client-side legal text, the strongest thing an affiliate platform can carry. The FDJ United program site states the program runs on the NetRefer platform, with the login sitting on NetRefer's standard panel route. The independent StatsDrone tracker counts 112 NetRefer programs in its January 2026 edition, fifth in the category with a 5.76% share. The market lean is European regulated multi-market operators: the FDJ United program alone is licensed across nine countries, Flutter brings the UK and Irish books, and no US-regulated program or Latin America push appears on any surface.

United States
No US-regulated program at all

No US-regulated affiliate program appears anywhere, and there is no US market push either. The platform's named footprint is European regulated operators plus Australia inside the FDJ United program's licensed coverage. A US-facing operator shortlisting affiliate infrastructure will find the reference base and the compliance conversation built around European regulators rather than state-by-state US requirements.

United Kingdom
Flutter's UK programs run here

The UK is the strongest documented market. Flutter's Betfair affiliate terms name NetRefer in clause 5.18 as the platform and maintenance provider, Paddy Power's program runs on the same infrastructure with a relationship dating to 2007, and the FDJ United program covers the UK among its nine licensed countries. For a UKGC-licensed operator the reference calls are straightforward because the biggest UK affiliate programs on this platform are named in contract text.

B2B licenses
Malta company registryMalta
Arnold Media Limited, company number C 39896, trading as NetRefer, based in Msida and founded in 2005 by Raphael Arnold · The contract counterparty is Arnold Media Limited (Jul 2026)
Flutter affiliate terms, clause 5.18UK and Ireland (client-side legal text)
Betfair's affiliate terms state that Betfair may engage a third party, currently NetRefer, to provide both the affiliate platform and system maintenance, with the operator entity Power Leisure Bookmakers Limited · In the live terms at partnerships.betfair.com (Jul 2026)
StatsDrone installed-base trackerIndependent category tracker
112 NetRefer-tracked affiliate programs, fifth in the category with a 5.76% share · January 2026 edition

Licensing tier: A vendor with no license class to look up, and something better than a register in its place: client-side legal text at Flutter, program-site platform credits at FDJ United, four renewal announcements dated 2025 to 2026, a Malta registry entry for the contracting company, and an independent installed-base count. The diligence work here is commercial rather than regulatory, since no pricing numbers are published anywhere.

Live & certified markets
FDJ United Affiliates (the program site states it runs on the NetRefer platform)Betfair Affiliates and Paddy Power Affiliates (Flutter's affiliate terms, clause 5.18)Casumo, SuprNation, and Interwetten (renewals dated 2026-05-25, 2026-06-16, and 2025-06-17)

These are the programs with client-side records or dated announcements as of 2026-07-13. The homepage carries more logos than this list, and the names above are the ones carried on client-side surfaces.

No restricted-market posture applies: NetRefer sells program infrastructure to operators and the operators carry the licenses (2026).

Under the hood

Platform & capabilities

Everything the product does out of the box. If a feature isn't listed, the vendor either doesn't offer it or doesn't say.

Integration & engineering
Public API docs
Risk & compliance
Multi-jurisdiction
How it connects

Integrations & engineering

One contract and one API instead of a separate deal per studio, feed, or PSP. Here's what connects, how fast, and on what stack.

Distinctive fieldWhat sits behind each name below differs, from client-side legal text at Flutter to a dated renewal elsewhere, and that difference is what matters in this category rather than a connector directory.
One unified API

NetRefer sells direct enterprise engagements rather than marketplace connectors. Operators feed the platform through a Data Ingestion API with real-time corrections, read it through GraphQL APIs, and expose affiliate-side data through ASR 1.0, the platform's Affiliate Standard Reporting API. The stack is Microsoft-native, hosted on Azure since the full Lift & Shift migration completed in 2022, with the Data Management Platform on Databricks, and Single Sign On runs platform-wide.

Time to integrate

Most implementations complete within four to six weeks depending on setup complexity and internal readiness. Migrations run through a structured onboarding process covering secure data transfer, validation, and go-live.

Client programs with live trails
The named roster, with what stands behind each (2026-07-13)
FDJ United Affiliates: the program site states it runs on the NetRefer platform, the login sits on NetRefer's standard panel route, and the 2025-09-22 renewal covers 10 brands and 12 products across 9 countriesBetfair Affiliates: Flutter's affiliate terms name NetRefer in clause 5.18 as the provider of the affiliate platform and system maintenancePaddy Power Affiliates: on the same Flutter program infrastructure, a NetRefer client since 2007 and the combined Paddy Power Betfair program since 2016Casumo: renewed 2026-05-25 in a partnership NetRefer dates at 14 yearsSuprNation: renewed 2026-06-16, a client since 2017 with the VoodooDreams, NYspins, Duelz, and LosVegas brandsInterwetten: renewed 2025-06-17, partnered since March 2009 and framed by NetRefer as its first operator
Technology partners
The Microsoft-stack product argument, named on vendor surfaces
Microsoft Azure: cloud hosting for the platform, with the full Lift & Shift migration completed in 2022Databricks: runs the Data Management Platform behind BI Analytics and CoPilot AI
Developer surface
The technical entry points
Public user manuals at usermanuals.netrefer.com (Confluence-based) plus a product catalogue at productcatalogue.netrefer.comData Ingestion API with standardized real-time correctionsOperator-facing GraphQL APIs and the ASR 1.0 affiliate-side reporting APINo sandbox exists, so hands-on evaluation runs through the sales process
Stack:Microsoft Azure cloud hosting (full migration completed 2022)Data Management Platform on DatabricksEnhanced Tracking with bot detection and user-agent detail captureGraphQL APIs, Data Ingestion API, and ASR 1.0 affiliate-side reportingCoPilot AI natural-language assistant over performance dataSingle Sign On platform-wide
Product stack

Products & tools

An enterprise affiliate platform built on Microsoft Azure with its Data Management Platform on Databricks: a reward engine documented in public user manuals across revenue share, CPA, hybrid, CPL and sub-affiliate plans, Enhanced Tracking with bot detection, BI Analytics with a Report Builder, GraphQL and Data Ingestion APIs plus the ASR 1.0 affiliate-side reporting API, and CoPilot AI, an in-platform natural-language assistant over performance data.

Track record

The history

Sales decks get rewritten for every deal. A dated record doesn't.

Raphael Arnold founded the company in Malta in 2005 as Arnold Media Limited, trading as NetRefer, and it remains founder-owned with no external funding and no private equity behind it, celebrating 20 years as its current brand frame. It is the second-oldest platform in the category, and its client history reads like a chronicle of European affiliate marketing: Paddy Power from 2007, Interwetten from March 2009, the combined Paddy Power Betfair program from 2016, and Kindred Group from 2017, a relationship that survived FDJ's October 2024 acquisition of Kindred and expanded into FDJ's lottery brands with the renewal signed 2025-09-22. The hardest anchor in the file is Flutter's own affiliate terms, where clause 5.18 names NetRefer as the provider of the affiliate platform and system maintenance, client-side legal text that no press release can match. The modern era is a technology story, with the full Azure Lift & Shift completed in 2022, ASR 1.0 shipped alongside it, Databricks under the data layer, and CoPilot AI on top, while the ledger also records what left: Betsson completed its migration to MyAffiliates in June 2023 and MozzartBet followed in August 2024.

112StatsDrone programs
1.5BRequests ingested
99.97% / 99.70%Uptime / SLA achievement
21Years in market
~61Headcount
17 yearsLongest live renewal

Brands & clients on the platform

FDJ UnitedBetfairPaddy PowerCasumoSuprNationInterwetten

Corporate

Legal entity
Arnold Media Limited (t/a NetRefer), Malta company C 39896
Product lines
NetRefer platformNetRefer CoPilot AIBI Analytics
Offices
Malta

Leadership

Raphael Arnold
Founder and Executive Chairman · since 2005

Milestones

  1. Raphael Arnold founds Arnold Media Limited in Malta, trading as NetRefer, building affiliate program infrastructure for European operators.

  2. Paddy Power comes onto the platform, the start of the relationship that later carries the combined Paddy Power Betfair program.

  3. Interwetten partners in March, the account NetRefer frames as its first operator, still live after the 2025-06-17 renewal.

  4. NetRefer powers the combined Paddy Power Betfair affiliate program after the operator merger.

  5. Kindred Group selects NetRefer, the relationship that becomes the FDJ United account.

  6. The full Lift & Shift migration to Microsoft Azure completes, with ASR 1.0, the Affiliate Standard Reporting API, launched alongside it.

  7. Betsson, historically the flagship account, completes its migration to MyAffiliates in June.

  8. MozzartBet leaves for MyAffiliates on August 1, and FDJ acquires Kindred in October, putting the platform's biggest account under new ownership.

  9. FDJ United renews on September 22 across 10 brands and 12 products in 9 countries, naming FDJ's Loto and Euromillions next to Unibet and 32Red, and Interwetten renews on June 17.

  10. Casumo renews on May 25 in a partnership dated at 14 years, SuprNation renews on June 16, and CoPilot AI reaches clients after its iGB Affiliate London unveiling and select-partner preview.

Where they're pushing next

  • FDJ's lottery brands, with Loto and Euromillions named inside the 2025-09-22 renewal scope
  • AI-assisted analytics, with CoPilot AI as the productized output of the Databricks data layer
  • European regulated multi-market operators, where the named footprint's center of gravity sits
The company

Longevity and ownership

Switching vendors is expensive, which makes the company's staying power part of the purchase. What the contract says about your data decides how expensive an exit gets.

21 yrsTrack record
21 yrsLeadership tenure
Key people public
Yes
How it stacks up

NetRefer vs alternatives

No two vendors describe themselves the same way, which makes their own claims hard to line up. Every name here answers the same fields, so you can see where this one sits against the closest alternatives.

AttributeNetReferIncome AccessMyAffiliatesCellxpert
Founded2005200220072008
Team61+100+29+
US marketAvailableAvailable
PricingOn requestOn requestOn requestOn request
Programs tracked112170362202
Commission modelsStraightCPAFlatCPA
Sold bundledNoneSoftwareNoneStandalone

The take: All three incumbents sell enterprise program infrastructure on quote. Income Access pairs the platform with a media agency under Paysafe ownership, MyAffiliates has been the destination for two named NetRefer departures and leads the StatsDrone count, and Cellxpert publishes a faster implementation pitch. NetRefer's answer is stack transparency: public commission manuals, a named Azure and Databricks build, and the only published SLA attainment in the category. Pick it for European multi-brand retention and readable mechanics rather than momentum.

Commercials

Pricing & terms

NetRefer quotes pricing per project. Here's how the model and the terms are structured.

Fixed subscription with no revenue-share component and no usage metering, and all figures on request

Turnkey

ModelOn request
Setup feeOn request
Request commercials
Working with them

Support & account management

You can't demo service before you sign, so what a vendor puts in writing is the only floor you can hold it to.

24/7 supportDedicated account managerB2B supportSLASLA attainment published monthly: 99.70% achievement for June 2026
Channels
EmailPhone
Questions

Frequently asked

The things operators actually ask before signing.

What commission models can NetRefer run?+

The full documented breadth is in the public user manuals: straight, flat, progressive, and tiered revenue share, flat, straight, tiered, and multi-level CPA, hybrid plans that pay the higher of CPA and revenue share, CPL, sub-affiliate reward plans, dynamic bonus criteria, and Guaranteed Reward Plans, with customization at the affiliate, brand, and campaign level. The one thing the manuals do not name is negative carryover handling, so put that on the first sales call if your program runs revenue share.

Which operators run on NetRefer?+

Six programs carry client-side records, as of 2026-07-13. Flutter's Betfair affiliate terms name NetRefer in clause 5.18, Paddy Power runs on the same program infrastructure, and the FDJ United program site states it runs on the NetRefer platform, covering brands like Unibet and 32Red across nine licensed countries. Casumo, SuprNation, and Interwetten sit on dated renewal announcements from 2025 and 2026. The homepage wall shows more logos, and the six above are the ones with client-side records.

How much does NetRefer cost?+

No numbers are published anywhere, but the model is on vendor record: NetRefer states it operates on a fixed, subscription-based pricing model with no revenue-share fees and no usage-based charges. That makes the commercial shape predictable even though the actual figure only arrives with a quote, and it is the first commercial-model statement NetRefer has published. Budget the evaluation like an enterprise platform deal, since there is no sandbox or self-serve tier to test first.

How long does a NetRefer implementation or migration take?+

Most implementations complete within four to six weeks depending on setup complexity and internal readiness. Program migrations run through a structured onboarding process covering secure data transfer, validation, and go-live. Worth knowing when weighing that process: the biggest recent migrations involving NetRefer were departures, with Betsson moving to MyAffiliates in June 2023 and MozzartBet in August 2024, so ask the sales team for a recent inbound migration reference.

Is NetRefer losing clients?+

Both things are true and both are dated. Three named moves went out: Betsson completed its migration to MyAffiliates in June 2023, MozzartBet followed on 2024-08-01, and 7StarsPartners is mid-migration to ReferOn. Against that, FDJ United renewed on 2025-09-22 across 10 brands in 9 countries after FDJ's acquisition of Kindred, Casumo renewed on 2026-05-25 in a 14-year partnership, SuprNation renewed on 2026-06-16, and Interwetten, a client since March 2009, renewed on 2025-06-17. The StatsDrone count held at 112 programs in the January 2026 edition, so departures are being backfilled and the base is flat while the top three platforms grew.

What stack does NetRefer run on, and what is CoPilot AI?+

The platform is cloud-based on Microsoft Azure, with the full Lift & Shift migration completed in 2022, and its Data Management Platform runs on Databricks. CoPilot AI is the product built on that data layer, an in-platform natural-language assistant over performance data that is also trained on the client knowledge base and available 24/7, unveiled at iGB Affiliate London with a select-partner preview before full release. The same stack backs the published telemetry, with 1.5 billion requests ingested, 99.97% uptime, and 99.70% SLA achievement printed for June 2026.