Paysafe SPAC partner invests $32m in Sightline Payments
William Foley expands igaming payments reach via Cannae Holdings fund following Paysafe IPO
Igaming payments specialist Sightline Payments has received a $32m investment from the billionaire orchestrating Paysafe’s reverse SPAC merger.
William Foley has invested the eight-figure sum in Sightline via his Cannae Holdings investment fund.
Foley is also behind the $9bn SPAC merger between Paysafe and Foley Trasimene Acquisition Corp. II.
The combined company, Paysafe Limited, began trading on the New York Stock Exchange on 31 March under the ticker symbols PSFE and PSFE.WS.
Foley said Sightline’s impressive leadership team put them in an excellent position to achieve the group’s strategic goals.
Foley said: “Sightline Payments’ seasoned leadership team has a proven track record and a vision to capitalise on many of the highest growth sectors in the entertainment industry, and I look forward to working side-by-side with them to achieve their goals.”
Other investors in Sightline include Searchlight Capital Partners, Point Break Capital, Shift4 Ventures, Genting Group and Vectr Ventures as part of a $100m funding round.
Play+, Sightline’s flagship cashless solution, boasts more than 1.5 million accounts and has been used throughout the online casino and sports betting verticals