Sightline Payments announces $1bn+ valuation
Las Vegas-based digital payments provider Sightline Payments announced it has completed a $244m capital raise to boost the company’s valuation to more than $1bn.
Fintech investor Bill Foley’s Cannae Holdings led the funding round. Existing investors Genting Group, Point Break Capital Management and founding investor Walter Kortschak also contributed.
Sightline closed an earlier $100m funding round in April.
Sightline is the first Nevada fintech unicorn – a startup to earn a $1bn+ evaluation as a private company.
“Sightline has continuously risen to meet the changing needs of the casino gaming industry. As we strive to help lead the digital transformation of the patron experience in our vertical, we are humbled to become Nevada’s first FinTech unicorn,” said Sightline Co-founder Omer Sattar. “Financial Services has historically not embraced the legal, regulated gaming industry, but thanks to the innovations Sightline has fostered in the market, gaming is clearly poised for an omni-channel cashless revolution.”
Sightline did not specify how much of the latest funding round came from Cannae, a Las Vegas-based diversified holdings company.
Cannae founder Foley entered the gaming industry this year when his special purpose acquisition company, Foley Trasimene Acquisition Corp., merged with Paysafe Group Holdings in May.
Foley is clearly a big believer in Sightline as well. Sightline’s Play+ solution offers casino customers a secure way to fund their online and in-person gaming activities.
“After seeing Sightline’s groundbreaking technology firsthand at the recent launch of Resorts World Las Vegas, I am more bullish than ever about Sightline’s ability to be at the forefront of the digital transformation afoot in the North American gaming, sports, and entertainment ecosystem,” said Foley. “I look forward to helping Sightline continue their tremendous growth.”
Tags/Keywords
Players trust our reporting due to our commitment to unbiased and professional evaluations of the iGaming sector. We track hundreds of platforms and industry updates daily to ensure our news feed and leaderboards reflect the most recent market shifts. With nearly two decades of experience within iGaming, our team provides a wealth of expert knowledge. This long-standing expertise enables us to deliver thorough, reliable news and guidance to our readers.
Latest News
