Sightline Payments (website), a FinTech unicorn focused on payment technologies for the gaming industry, has completed a strategic investment from J.P. Morgan Payments. Under the deal, Sightline will work with J.P. Morgan Payments to develop an integrated omnichannel solution for resort and online gaming companies serving the spa, entertainment, and hotel ecosystem. The size of the investment was not disclosed.
The company’s flagship product is Play+, which provides consumers with secure access to gaming and entertainment at nearly all regulated digital gaming properties in the United States. The service allows players to deposit their money into a secure account to access their funds anytime, anywhere, while earning loyalty points for their spending.
The company claims it also allows consumers to use their balances at more than 80 partners in over 40 states in sports betting, lottery, horse racing, and online and brick-and-mortar casinos.
Commenting on the investment, Omer Sattar, co-founder and co-CEO of Sightline, said, “A gambling customer’s money should be safe and follow that customer effortlessly through their digital and brick-and-mortar lifecycle. We are confident that a strategic partnership with J.P. Morgan Payments will enable us to create a unique mobile user experience for gaming customers and drive digital transformation for gaming operators.”
Earlier this year, J.P. Morgan Payments announced that it would become the primary merchant acquirer for Sightline’s ecosystem.