Sightline Payments concludes investment deal with J.P. Morgan
The agreement includes additional omnichannel development projects.
Sightline Payments has completed a funding round resulting from J.P. Morgan Payments’ strategic investment. Under the terms of the deal, Sightline and J.P. Morgan Payments will work in tandem to create an integrated omnichannel solution for both online gaming and resort properties.
The finished project will be specifically tailored to serve the entertainment, resort and lodging markets.
Sightline co-founder and co-CEO Omer Sattar said the company believes the collaboration will improve the quality of mobile gaming for its customers.
Sattar commented: “A gaming patron’s money should be safe, secure and should follow that patron effortlessly through their digital and brick and mortar lifecycle.
“We are confident that a strategic relationship with J.P. Morgan Payments will allow us to deliver a unique mobile user experience for those gaming industry patrons and power the digital transformation for gaming operators.”
J.P. Morgan Payments Head of eCommerce and Marketplaces Sanjay Saraf said closing the deal is one more step forward in achieving additional resort space and gaming launches.
Saraf said: “This investment serves as one part of a multi-channel payments strategy J.P. Morgan Payments will be launching in the gaming and resort space in the coming months.
“Maintaining a safe gaming industry is a priority for us, and Sightline has created an impressive software platform highly tailored to the needs of the gaming and resort ecosystem. We are excited to work with Sightline to unlock the digitization potential in enabling highly contextualized payments for the gaming and resort industry.”
Sightline Payments is a fintech that specializes in payments technology within the regulated gaming market.
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