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RavenTrack Review

6.3/10

The fast riser of this category's operator-platform segment: a Manchester shop of about 30 people whose StatsDrone base climbed from 26 programs in May 2024 to 69 in January 2026, with live panel trails on Betfred, QuinnBet, and the Delaware Lottery, Matchbook and kwiff signed inside the last year, and Google Ads parallel tracking that no rival in this roster markets, sold quote-only with no published price to anchor a budget against.

  • Founded 2018
  • HQ Manchester, UK
  • 30+ team
  • Mid-size
  • B2B-only
  • Updated Aug 15, 2026
Our take

The buyer this fits is a UK-lean operator of mid size who wants the stack Betfred has run since May 2019, served by a Manchester team of about 30 that publishes its phone number. The momentum is real and dated: the StatsDrone base went from 26 programs in May 2024 to 69 in January 2026, Matchbook moved all three of its brands over in November 2025 and had its affiliate manager speak publicly about the upgrade, kwiff signed in May 2026 after a competitive selection, and a US state lottery runs its referral program on a RavenTrack panel. The catch is that the commercial layer is dark, with no pricing published anywhere and the only deal-shape signal a fixed-cost pitch of unlimited campaigns, so the budget picture forms entirely inside the sales process.

USToeholdUKHome market
8 yrsin market30+Team
Category
Affiliate Software
Best for
Mid-marketEnterprise
Products
Tracking & Reporting EngineCompliance ModuleProgram Migration
Verticals
CasinoSportsbookLottery
US / UK
US · ToeholdUK · Home market
PricingOn request
OwnershipPrivate
Regions
EuropeAfricaLatAmNorth America
Verdict

Our read

6.3/10
MixedReviewed by Partnerkin ResearchJuly 2026
Commission & payout engine5.8

CPA, revenue share, CPL, CPM, and hybrids are named, but negative carryover, sub-affiliation, and payout rails appear nowhere public, so the engine's real shape only emerges in the sales process.

Tracking & data integrity6.6

Real-time server-to-server with pixel and postback, Google Ads parallel tracking that no rival in this roster markets, AppsFlyer for apps, and a two-way API, held back by the absence of any published uptime or telemetry record.

Integrations & migration record6.8

The strongest dimension on dated proof, with Matchbook's three brands moved in November 2025, kwiff signed in May 2026 after a competitive selection, Betfred taken from Income Access, and a parallel-run model that preserves affiliate IDs, short of higher only because no public integration catalog or timeline exists.

Fraud & compliance6.5

The compliance module is the marketed strength, time-stamped documents and T&C acceptance tracked at program and brand level plus Rightlander scanning, while fraud tooling is publicly unspecified beyond a feature mention on StatsDrone's profile.

Scale & track record6.5

A 69-program StatsDrone base in the January 2026 edition after a 2.7x climb in 20 months, Betfred running since May 2019, and a US state lottery live, all carried by a team of about 30.

Commercials & support5.6

Nothing is priced in public and no SLA numbers exist, so a buyer starts from zero on budget, set against decent support signals like a published UK phone line, account managers, and a free trial without a card.

Methodology. Our own score, a weighted average of six dimensions, tilted toward commission and tracking. Scored on the operator-platform weighting, where the commission and payout engine leads at 0.22 and tracking follows at 0.18, so strong migration proof and the hardest kind of client trail lift the middle dimensions while the undocumented engine mechanics and the dark commercial layer pull the total down. Read the full methodology

Strengths
  • A dated, recent migration record: Matchbook brought Matchbook, Matchbook MX, and easyBet across in November 2025 and said publicly that the platform far exceeds its previous provider, kwiff made it primary tracking provider in May 2026 after a competitive selection, and the parallel-run model with affiliate-ID preservation takes the dead-switchover risk out of the move.
  • Client trails of the hardest kind: the Betfred Partners login names Palsar Capital Limited t/a Raven as data controller, QuinnBet and the Delaware Lottery run live RavenTrack panels on their own domains (all live 2026-07-13), and a US state lottery is the strongest regulated-market trail any vendor this size carries in the segment.
  • A tracking stack tuned for media buyers: parallel tracking for Google Ads that no rival in this roster markets, AppsFlyer for mobile apps, server-to-server with dynamic parameters, more than 20 configurable reports, and a two-way API that lets affiliates pull stats without logging in.
  • A compliance module built for regulated programs: time-stamped document upload, T&C acceptance recorded at program and brand level with automated pop-ups, an encrypted compliance area per affiliate, and Rightlander scanning what affiliates actually publish.
Watch-outs
  • No pricing exists in public at all, no tiers, no meter unit, no setup fee, and the only contract signal anywhere is a fixed-cost pitch of unlimited campaigns, so budget discovery requires the full sales process.
  • The commission engine's fine print is undocumented: negative carryover handling, sub-affiliation, and affiliate payout rails (no named PSPs, mass-payout tooling, or crypto options anywhere public) all have to be pinned down on the call and in the contract.
  • No delivery numbers are published, no SLA, no uptime record, and no integration-time figure, where rivals like Cellxpert put a 4 to 6 week benchmark on the table.
  • A team of about 30 in one Manchester office now carries an installed base that grew 2.7x in 20 months, and the fraud tooling behind that base is publicly unspecified beyond a feature mention on StatsDrone's independent profile.
Best for

A mid-size, UK-lean sportsbook or casino program that wants proven migration craft with parallel running and affiliate-ID preservation, hands-on UK support, and a tracking stack built for PPC and app-buying affiliates.

Not for

An operator that needs a self-serve price anchor, documented deal mechanics before the first call, or a big vendor's bench behind a global enterprise rollout, since this is a 30-person single-office shop that sells everything by quote.

Where you can run it

Markets & licensing

Nothing in this category is licensable, so what stands in for a register is the paper and panel trail, and RavenTrack's is unusually solid for a vendor of about 30 people. The corporate record is complete: Palsar Capital Limited t/a RavenTrack, UK company 11225046, active since February 2018, with the PSC register showing Palsar Capital Holdings Limited at 75%+ of shares and voting rights since 2024-01-31 and every officer change dated, including Betfred co-founder Fred Done's board seat from 2018 to 2021. The client footprint is as hard as this category gets: the Betfred Partners login names Palsar Capital Limited t/a Raven as data controller, QuinnBet's panel runs at partners.quinnbetaffiliates.com, and the Delaware Lottery routes its referral sign-up to a RavenTrack panel on a state domain, all live 2026-07-13. The independent meter is StatsDrone at 69 programs in the January 2026 edition, seventh in the category. The geographic read is UK core, a heavy South Africa and Nigeria book, Colombia through Yajuego, and US toeholds in Delaware and Colorado.

United States
Toeholds in Delaware and Colorado

The Delaware Lottery runs its affiliate program on a RavenTrack panel at affiliate.deilottery.com, with published terms of 10% online-referral revenue and a $50 CPA per new depositing player, and that is the strongest regulated-US trail any mid-size vendor in this segment carries. A Colorado license has been on the vendor timeline since January 2021, and Betfred's US affiliate arm now runs on the platform after years on Income Access. Still, the book is built in the UK and Africa, so a US-first operator is buying a toehold and should ask in the sales process what else is live stateside.

United Kingdom
Home market with tier-1 retail heritage

Manchester-built and UK-cored. Betfred has run on the platform since May 2019 with its affiliate API docs published on RavenTrack's own domain, MrQ joined in March 2020 via Lindar Media's white-label casino platform, QuinnBet's panel has been live since June 2021, Jumpman Gaming and Broadway Gaming sit in the book, and kwiff appointed the platform its primary tracking provider in May 2026 for a UK expansion push. For a UKGC-licensed program this is the vendor's deepest reference set, and the compliance module's brand-level T&C acceptance tracking maps onto what a UK compliance team actually gets audited on.

B2B licenses
Companies House registrationUnited Kingdom
Palsar Capital Limited t/a RavenTrack, company 11225046, incorporated 2018-02-26, active, registered office Glassworks, 32 Shudehill, Manchester M4 1FR · PSC register shows Palsar Capital Holdings Limited at 75%+ of shares and voting rights since 2024-01-31 (2026-07-13)
Colorado licenseUnited States (CO)
Acquired January 2021, the market-entry credential behind the US push · Dated on the company timeline
Live program panelsUK, Ireland, United States (DE)
Betfred Partners, QuinnBet, and the Delaware Lottery all run RavenTrack panels on their own domains, with the Betfred login naming Palsar Capital Limited t/a Raven as data controller · All three live on the operators' own domains 2026-07-13

Licensing tier: A vendor with nothing licensable and a stronger trail than its size suggests: a complete UK registry record, three live panel trails including a US state lottery, and an independent installed-base meter that has grown in every StatsDrone edition since May 2024. What is missing is any security attestation, since no ISO or SOC certificate appears on any public surface.

Live & certified markets
Betfred Partners (affiliates.betfredpartners.com, legal text names Palsar Capital Limited t/a Raven)QuinnBet (partners.quinnbetaffiliates.com)Delaware Lottery (affiliate.deilottery.com, published referral terms on delottery.com)

All three panels were live on the operators' own domains on 2026-07-13, reached through the platform's account login route, which is the strongest thing this category offers.

No restricted-market posture is published, and the named book runs on locally licensed operators across the UK, South Africa, Nigeria, Colombia, and Delaware (2026-07-13).

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.

Risk & compliance
KYC / AML
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 fieldIn this category what counts is which programs run on the software and what stands behind each one, so that is what the map below covers.
One unified API

Everything routes through the platform's tracking layer and a two-way API. Operators integrate over pixel or postback with server-to-server and dynamic parameters, pull player data at brand level, and publish per-client API documentation on RavenTrack's own subdomains, the Betfred set being the public example. Pragmatic Solutions lists RavenTrack in its integration catalog on the PAM side. Migrations run the old and new programs simultaneously with affiliate IDs preserved, which is the delivery model the recent wins were sold on.

Time to integrate

No figure is published. The nearest thing to one is the pitch that an affiliate postback is set up in minutes, and the parallel-run migration model removes the hard cutover, but the calendar itself is a sales-call answer.

Programs on live panels
The strongest kind, live on the operators' own domains 2026-07-13
Betfred Partners: the login legal text names Palsar Capital Limited t/a Raven as data controller, and the program's API docs sit at betfred-apidocs.raventrack.comQuinnBet: panel live at partners.quinnbetaffiliates.com, a client since June 2021Delaware Lottery: sign-up routes to affiliate.deilottery.com with published terms of 10% online-referral revenue and $50 CPA per new depositing player
Press-documented recent wins
Dated coverage, 2025 to 2026
Matchbook: all three brands (Matchbook, Matchbook MX, easyBet) on the platform since November 2025, with the operator's senior affiliate manager saying publicly that it far exceeds the previous provider (2026-02-11)kwiff: appointed RavenTrack primary affiliate tracking provider in May 2026 after a competitive selection, for UK and international expansion
Vendor wall with dated joins
From the client page and company timeline (2026-07-13)
UK and Ireland: MrQ (March 2020), Jumpman Gaming (June 2023), Broadway Gaming, Videoslots, Mr VegasAfrica: Bet9ja (April 2022), Betfred South Africa (November 2021), BoyleSports ZA, Playabets, Bettabets, Afribet (November 2022), BetXchangeEurope and LatAm: Novibet (March 2022), BoyleSports (July 2022), Merkur Xtip (February 2023), Yajuego (August 2022)Affiliate networks: ActiveWins, House Affiliates (July 2021), PDM Affiliates (August 2020), Veli Partners
Technology partners
Named on vendor and partner surfaces
Pragmatic Solutions: RavenTrack listed in the PAM's own integration catalogRightlander: affiliate-site compliance scanning partnershipStatsPlug: the Odds Betting Banner Creation Tool for sports programsOptimove: partnership announced on the vendor's articles sectionAppsFlyer: mobile app tracking integration
Stack:Real-time tracking over pixel, postback, and server-to-server with dynamic parametersParallel tracking for Google Ads and AppsFlyer for mobile appsTwo-way API pushing program data into operator and affiliate reporting systemsPer-client API documentation published on RavenTrack subdomainsCompliance module with time-stamped documents and brand-level T&C acceptance tracking
Product stack

Products & tools

One operator-platform stack out of Manchester: real-time tracking over pixel, postback, and server-to-server with dynamic parameters, parallel tracking for Google Ads, and AppsFlyer for mobile apps, more than 20 configurable reports behind a two-way API, a compliance module built on time-stamped documents and tracked T&C acceptance with Rightlander scanning on top, a Marketplace for creative, and a migration practice that runs the old and new programs side by side with affiliate IDs preserved.

Track record

The history

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

Warren Jacobs, then managing director of Manchester agency ActiveWin, incorporated Palsar Capital Limited in February 2018 and launched RavenTrack that September as, in his own 2020 words, a bespoke service for a hand-picked group of partners including global operator Betfred. The registry carries the arc in dates: Betfred co-founder Fred Done sat on the board from incorporation until July 2021, Betfred joined as a client in May 2019, and on 2024-01-31 the founder circle resigned in favor of Adam Rowley and Paul Kirszanek while Palsar Capital Holdings Limited took 75%+ control. Read together, the record says the platform was built close to one of Britain's biggest bookmakers and has been run since January 2024 by operating management rather than its founders.

69StatsDrone programs
150+Brands tracked
40,000+Affiliates
~30Headcount
7 yearsBetfred tenure

Brands & clients on the platform

BetfredQuinnBetDelaware LotteryMatchbookkwiffBet9jaNovibetBoyleSportsMrQVideoslots

Corporate

Legal entity
Palsar Capital Limited t/a RavenTrack
Parent group
Palsar Capital Holdings Limited
Offices
UK

Leadership

Adam Rowley
Managing Director · since 2024
Paul Kirszanek
Director · since 2024

Milestones

  1. Warren Jacobs incorporates Palsar Capital Limited in February with Betfred co-founder Fred Done on the board, launches RavenTrack in September, and lands first client AMP Affiliates in November.

  2. ActiveWin moves 12 brands onto the platform in March, the first bulk migration on the timeline, and Betfred joins as a client in May.

  3. A Colorado license lands in January, QuinnBet joins in June, Fred Done resigns from the board in July, and Betfred South Africa joins in November.

  4. The January 31 handover: Jacobs and his circle leave the board, Adam Rowley and Paul Kirszanek take over, and Palsar Capital Holdings Limited becomes the 75%+ controlling shareholder. The team moves into Manchester's Glassworks in June.

  5. Matchbook brings all three of its brands, Matchbook, Matchbook MX, and easyBet, onto the platform in November.

  6. kwiff appoints RavenTrack primary affiliate tracking provider in May after a competitive selection, and the platform makes the iGB Affiliate Awards shortlist for Best Affiliate Management Platform.

Where they're pushing next

  • Regulated US, where the Delaware Lottery panel and the January 2021 Colorado license are the live toeholds
  • Africa, the heaviest non-UK book with South Africa and Nigeria anchors
  • UK mid-market sportsbook and casino, where the 2025 and 2026 wins landed

Awards & recognition

iGB Affiliate Awards, Best Affiliate Management Platform
shortlist2026
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.

8 yrsTrack record
150+Live brands
Key people public
Yes
How it stacks up

RavenTrack 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.

AttributeRavenTrackIncome AccessMyAffiliatesCellxpert
Founded2018200220072008
Team30+100+29+
US marketAvailableAvailable
PricingOn requestOn requestOn requestOn request
Programs tracked69170362202
Commission modelsCPACPAFlatCPA
Sold bundledNoneSoftwareNoneStandalone

The take: Income Access is the incumbent RavenTrack keeps taking programs from, Betfred being the marquee example, but it sits inside Paysafe with a network business attached. MyAffiliates and Cellxpert carry larger installed bases and longer enterprise reference lists. Pick RavenTrack when hands-on UK service, migration craft with parallel running, and current momentum matter more than a big vendor's bench or published commercial terms.

Commercials

Pricing & terms

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

Quote-based flat license, pitched as fixed-cost pricing with unlimited campaigns and flat pricing across the contract term

Demo / sandbox available

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.

Business Hours supportDedicated account managerB2B supportSLANone published (2026-07-13)
Channels
EmailPhone
Questions

Frequently asked

The things operators actually ask before signing.

Which operators actually run on RavenTrack?+

Three programs run live panels on the operators' own domains (2026-07-13): Betfred Partners, whose login names Palsar Capital Limited t/a Raven as data controller, QuinnBet at partners.quinnbetaffiliates.com, and the Delaware Lottery at affiliate.deilottery.com. Two more are press-documented, Matchbook with all three of its brands since November 2025 and kwiff since May 2026. The vendor wall adds dated joins including Bet9ja (April 2022), Novibet (March 2022), BoyleSports (July 2022), MrQ (March 2020), and Videoslots. The independent meter is StatsDrone at 69 programs in the January 2026 edition.

How much does RavenTrack cost?+

There is no published price anywhere, no tiers, no meter unit, and no stated setup fee, so the number only exists inside the sales process. The deal-shape signals: the features page sells unlimited campaigns under fixed-cost pricing and the company's PR language promises clear, flat pricing across the contract term, so expect a flat license rather than a per-conversion meter. A free trial without a credit card is available (2026-07-13).

What does a migration onto RavenTrack look like?+

Migration is what the vendor itself calls its bread and butter, and the mechanics are concrete: the old and new programs run simultaneously during the switch and affiliate IDs are preserved, so partners keep their links and history. The record backs it, with ActiveWin moving 12 brands in March 2019, Betfred's program coming over from Income Access, Matchbook moving three brands in November 2025 with its affiliate manager saying publicly that the result far exceeds the previous provider, and kwiff signing in May 2026. No migration timeline or SLA is published, so pin the calendar down in the contract.

Who owns RavenTrack, and what changed in 2024?+

The operating company is Palsar Capital Limited t/a RavenTrack, UK company 11225046, founded by ActiveWin MD Warren Jacobs in 2018 with Betfred co-founder Fred Done on the board until July 2021. On 2024-01-31 the founder circle resigned, Adam Rowley and Paul Kirszanek took the board, and Palsar Capital Holdings Limited became the 75%+ controlling shareholder per the Companies House PSC register. Since then it has been a roughly 30-person Manchester company run by operating management, with the installed base growing in every StatsDrone edition through January 2026.

Can RavenTrack handle a regulated US program?+

It already runs one: the Delaware Lottery's affiliate program sits on a RavenTrack panel at affiliate.deilottery.com, with published terms of 10% online-referral revenue and a $50 CPA per new depositing player, and a Colorado license has been on the vendor timeline since January 2021. That is a real regulated-market trail, and a rare one at this vendor size. It is still a toehold rather than a US practice, since the book is built around the UK, South Africa, Nigeria, and Colombia, so a US-first operator should ask directly what else is live stateside.