Sightline Payments has announced that it has raised $244m in a new round of fundraising, taking the provider’s total valuation to over $1bn.
With this milestone, Sightline has become one of an estimated 700 global startups to earn over $1bn as a private company.
The funding round involved Cannae Holdings and existing investors Genting Group, Point Break Capital Management, and Walter Kortschak.
“Sightline has continuously risen to meet the changing needs of the casino gaming industry,” said Omar Sattar, co-founder of Sightline.
“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’s first round of funding took place in April, and it raised $100m in investments.
“The Sightline team has reached new heights to provide innovative solutions to drive our industry forward,” said Joe Pappano, CEO of Sightline.
“Our investors’ continued faith in our business will enable us to execute our vision of transforming payments in the casino gaming and hospitality industry.”
In June, Sightline acquired app developer Joingo.