Advent International agrees investment in Planet to accelerate growth in global integrated payments

Advent International
  • Existing investor, Eurazeo, to share co-control with Advent, providing stability and accelerated growth for Planet
  • Investment will accelerate Planet’s global leadership in payments
  • Advent brings proven track record in payments and software

LONDON, May 28, 2021 – Planet, a global integrated payments leader, will accelerate its growth strategy with a new investment from Advent International (“Advent”), one of the largest and most experienced global private equity investors. Advent has agreed to co-ownership with Eurazeo, a leading global investment company.

Planet provides integrated digital payment services on a unique single platform that offers acquiring, processing, digital wallets, VAT refund and currency conversion services to merchants in the Retail, Hospitality, Food & Beverage, Parking and Financial sectors. By partnering with Planet, merchants enhance their customers’ omnichannel experience, while generating additional revenue from value added payments services.

Advent and Eurazeo share a common vision for the business – to accelerate Planet’s existing strategy, deliver new innovations to customers faster, and further develop Planet’s position as a global leader in integrated payments.

Marc Frappier, Eurazeo Managing Partner and Board member, said: “Six years ago, we saw the potential in Planet to become a world-class payments business delivering innovative products and digital services across multiple vertical sectors. Since then, we have been delighted with Planet’s strategic direction and growth trajectory.”

Jeff Paduch, Managing Partner of Advent, said: “In today’s vertical payments landscape, it is rare to find a business with such a unique proposition and diversified product suite. Together with Eurazeo, we are excited to help Planet realise its full potential and accelerate its ambitious growth strategy.”

Patrick Waldron, CEO of Planet, said: “This new investment will accelerate the rate at which we develop and roll-out new innovations. It will ensure we are able to offer our customers and partners a world-leading range of payments solutions in keeping with consumers’ ever changing needs and expectations.”

Advent has an unparalleled track record in accelerating the growth of businesses across the payments and software industries. Worldwide since 2008, Advent has invested ~$4 billion in eight payments companies and has supported over 40 add-on acquisitions made by these companies.

About Planet

Planet is a provider of integrated digital payment services on a unique single platform that offers acquiring, processing, digital wallets, VAT refund and currency conversion services. Planet helps businesses meet the needs of their customers by simplifying complex payments, helping people
spend freely. Planet serves 600,000 Merchants and 100 partner banks across more than 70 markets on five continents. Planet is part of the Eurazeo portfolio of growth companies. Planet acquired 3C Payment in August 2020.

Find out more here:

About Advent International

Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. The firm has invested in over 375 private equity investments across 42 countries, and as of December 31, 2020, had €62 billion ($72 billion)in assets under management. With 15 offices in 12 countries, Advent has established a globally integrated team of over 240 private equity investment
professionals across North America, Europe, Latin America and Asia. The firm focuses on investments in five core sectors, including business and financial services; health care; industrial; retail, consumer and leisure; and technology. After 35 years dedicated to international investing, Advent remains committed to partnering with management teams to deliver sustained revenue and earnings growth for its portfolio companies.

For more information, visit

About Eurazeo

Eurazeo is a leading global investment group, with a diversified portfolio of €21.8 billion in Assets Under Management, including €15.0 billion from third parties, invested in 450 companies. With its considerable private equity, private debt and real assets expertise, Eurazeo accompanies companies of all sizes, supporting their development through the commitment of its nearly 300 professionals and by offering deep sector expertise, a gateway to global markets, and a responsible and stable foothold for transformational growth. Its solid institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment horizon enable Eurazeo to support its
companies over the long term.

Eurazeo has offices in Paris, New York, Sao Paulo, Seoul, Shanghai, Singapore, London, Luxembourg, Frankfurt, Berlin and Madrid.

Eurazeo is listed on Euronext Paris.

ISIN: FR0000121121 – Bloomberg: RF FP – Reuters: EURA.PA

Categories: News


ProducePay scores $43m Series C funding from VCs, development banks


Editor’s note: This article was updated on May 21, 2021, to provide comment from ProducePay founder Pablo Borquez Schwarzbeck.

Online ag marketplace ProducePay has raised $43 million in a Series C round co-led by Silicon Valley-based firm G2VP, the World Bank‘s International Finance Corporation (IFC), and the Inter-American Development Bank‘s IDB Invest.

Existing investors Anterra Capital and CoVenture also participated in the round alongside new backers Astanor Ventures, IGNIA, and Finistere Ventures.

ProducePay is focused on serving crop growers, offering them a suite of services including financing, as well as market data and analytics around things like pricing. Real-time price data is aggregated from individual farmers and produce buyers on the platform, plus a range of public, private, and proprietary sources.

The Los Angeles-based startup claims to have financed $3 billion of farm produce to date across 12 countries in North and South America.

“ProducePay funds close to 2% of the market, that’s about $1 billion of produce per year. Right now consumption in America is about $60 billion,” founder and CEO Pablo Borquez Schwarzbeck told AFN.

“We’re at a point now where we are becoming a very key player in the produce industry.”

The startup also operates an online marketplace that connects growers with suppliers and distributors. Named the ProducePay Preferred Network, it helps more than 700 vetted growers and distributors to do business with each other in a simpler, de-risked online environment.

It says it provides financing to growers “at every stage of the harvest cycle, with flexible payment terms, access to funding in two weeks or less, and no obligation to pay until produce ships.”

According to the startup, the Network “fosters profitable long-term partnerships between preferred partners: growers receive better pricing, and distributors have access to consistent produce supply.”

Encouraging tech adoption in a traditional industry

“The global fresh produce market is opaque, fragmented, and dominated by manual processes, and these obstacles make it difficult for growers and distributors to thrive,” Schwarzbeck said in a statement.

“We remove these pain points to provide transparency, predictability, and fairness for both growers and distributors throughout the entire produce value chain, from seed to sale.”

ProducePay — which claims that its revenue doubled in 2020 amid the Covid-19 pandemic — said it will use the Series C capital to expand its presence in Latin American markets, while also building out its tech and sales capabilities.

“Our growth right now is very aggressive. We grew 76% last year despite Covid-19,” Schwarzbeck said.

Aggressive growth often comes with serious challenges, however. The first headwind that ProducePay faces on its mission for market domination is the produce industry’s tendency to be a late adopter of modern technology. Geographic segregation, the average age of produce farmers, and longstanding cultural norms are a few reasons why some growers have lagged behind on tech uptake, according to Schwarzbeck.

“Unlike other industries that have tried to force technology into the space and failed, we are stewarding the industry towards technological adoption by leveraging the fact that today more than ever the new generation is much more receptive to technology. And agtech is hotter than it’s ever been,” he said.

Attracting investor attention

The platform’s potential impact for farmworkers and rural communities in central and South America appears to have been a key factor in encouraging both IDB Invest and IFC to come on board for this round.

“We’re proud to join ProducePay in supporting growers and distributors that promote fair labor practices, environmental care, and meaningful community engagement,” IFC Mexico country manager Juan Gonzalo Flores said in a statement.

“Through a commitment to sustainable development at every step of the fresh produce value chain, ProducePay fosters economic development across the Americas and eliminates disruptive barriers to international trade.”

ProducePay’s last reported fundraise was in December 2019, when it secured $205 million in debt financing from CoVenture and TCM Capital. This followed a $14 million Anterra Capital-led Series B equity round in October 2018.

A number of produce supply chain technologies are hitting the market. Many of them claim to remove middlemen, make transactions more efficient, or prevent spoilage, or a combination of these. In the US, produce logistics marketplace Hwy Haul closed a $10 million Series A round earlier this month, while produce traceability startup Fusionware was acquired by back in March. [Disclosure: Hwy Haul has received investment from AgFunder, which is AFN‘s parent company.]

Time will tell whether there is enough room for multiple players – or if the growing list of platforms aiming for sellers’ and buyers’ business will end up competing with one another.

For Schwarzbeck, there is some duplication happening in the industry.

“Like all marketplaces, he who gets critical mass first has to dominate, right? In the end, only one can remain – especially for an industry like this that has not done it before.”

“Our approach is unique. We haven’t tried to take something that worked in another industry [and] make it work in this one,” he claimed.

“On the contrary, we said: ‘If we want to build the marketplace, we have to first build the infrastructure that supports the marketplace, and ProducePay has to be the provider of that infrastructure.’ We have a working synergistic capability that makes me believe that we’re the ones primed for success and to really dominate the space we’re in.”

Categories: News


Nordic Capital to sell Itiviti, a leading trading technology and service provider, to Broadridge, a global Fintech leader

Nordic Capital

Nordic Capital to sell Itiviti, a leading trading technology and service provider, to Broadridge, a global Fintech leader Image

  • Itiviti has grown significantly during Nordic Capital’s ownership, creating a global force in capital markets technology and infrastructure
  • By joining forces with global Fintech leader Broadridge (NYSE: BR), Itiviti is taking the next step in enhancing its capital markets capabilities and extending its global reach

Nordic Capital has agreed to sell Itiviti, a leading provider of trading technology and services to financial institutions worldwide, to Broadridge Financial Solutions a global Fintech leader, in a transaction valued at EUR 2.143 billion. Since Nordic Capital took Itiviti private in 2012, it has made substantial technology investments and fully transformed the Company to create one of the world’s leading providers of trading technology for the global capital markets industry.

Since assuming majority ownership of the Company, Nordic Capital has supported Itiviti by drawing on its experience and twenty-year track record of building and investing in cutting-edge technology businesses across Europe. During Nordic Capital’s ownership, Itiviti has developed from being a specialist financial software provider to becoming a global leader offering a modern cross-asset capital markets platform. This transformation was achieved through many years of significant technology investments, a carefully crafted technology acquisitions strategy and dedicated focus on setting up R&D capabilities and an organisational framework to meet future capital market needs. Today, Itiviti is fast-growing and has a leading global position with more than 2,000 customers world-wide, over EUR 200 mn in revenues and c. 1,000 employees.

“Itiviti’s cutting-edge trading technology enables customers world-wide to improve workflow in the capital markets. The Company has experienced a journey of growth and transformation during Nordic Capital’s ownership. With the combination of Itiviti and Ullink, Nordic Capital created a world leading technology and infrastructure provider that is ideally positioned to take advantage of increased complexity and regulations in the financial services industry. We are immensely proud of the Itiviti team and would like to thank them for their dedication and exceptional work. It’s now time for the Company to take the next step forward together with Broadridge, capitalising on next-generation technology platform and achieving even further growth and expansion”, said Fredrik Näslund, Partner, Nordic Capital Advisors.

“Under Nordic Capital’s ownership, Itiviti has grown to become a global force in the capital markets industry. As owners, they have been instrumental in supporting us during this development in the spirit of a true partnership and fully focused on seizing the opportunities available to Itiviti. With Broadridge as the new owner, we will be able to take the next natural step in our development and together provide even better technologies to meet our clients’ future demands”, said Rob Mackay, CEO Itiviti. 

“The acquisition of Itiviti enhances Broadridge’s position as a global Fintech leader, expands our Capital Markets franchise and drives additional global scale by increasing our footprint in APAC and EMEA and our ability to serve global clients,” said Tim Gokey, Broadridge’s Chief Executive Officer. “Itiviti is highly complementary to Broadridge’s industry-leading post-trade product suite and other capital markets capabilities and this combination is expected to drive significant value to clients and shareholders”.

Technology and Payments is one of Nordic Capital’s focus sectors where it has extensive experience, a strong and active sector network, and a dedicated team within Nordic Capital Advisors across Northern Europe. As one of Europe’s leading tech investors, Nordic Capital has invested EUR 3.8 billion in 19 tech and payment companies since 2004. It has achieved repeatable success in this sector and developed thriving companies as evidenced by the performance of investments such as Bambora, Trustly, Cint, Siteimprove and Signicat. The sale of Itiviti comes just a few months after Nordic Capital announced the successful listings of portfolio companies Nordnet AB (publ), a pan-Nordic savings platform and Cint Group AB (publ), a global software leader in digital insights gathering, on Nasdaq Stockholm.

The transaction is subject to customary closing conditions and regulatory approval and is expected to close in the second quarter of 2021.

Credit Suisse and Morgan Stanley acted as financial advisors, Dechert as legal advisor, PwC as finance advisor and Oliver Wyman as commercial advisor to Nordic Capital.

Media contact:

Nordic Capital
Katarina Janerud, Communications Manager
Nordic Capital Advisors
Tel: +46 8 440 50 50

About Nordic Capital

Nordic Capital is a leading private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and selectively, Industrial & Business Services. Key regions are Europe and globally for Healthcare and Technology & Payments investments. Since inception in 1989, Nordic Capital has invested more than EUR 17 billion in close to 120 investments. The most recent fund is Nordic Capital Fund X with EUR 6.1 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Advisors have local offices in Sweden, Denmark, Finland, Norway, Germany, the UK and the US. For further information about Nordic Capital, please visit

About Itiviti

Itiviti is a leading global capital markets technology service provider offering highly scalable, SaaS-based solutions that deliver unprecedented cost savings for financial institutions by enabling them to consolidate their trading infrastructure. The company’s modular OEMS (order execution management systems) support multi-asset class, global trading across both principal and agency trading operations. Itiviti’s Connect and Trade solution portfolios offer comprehensive tools to support both connectivity, reflective of the growing importance of FIX as the financial markets’ universal language, and adaptivity to changing market dynamics and regulatory demands. Headquartered in Stockholm, Sweden, with offices in 16 countries, the company serves over 2,000 customers across 50 countries, including several top-tier banks, brokers, trading firms and asset managers. For more information please visit

About Broadridge
Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with over $4.5 billion in revenues, provides the critical infrastructure that powers investing, corporate governance and communications to enable better financial lives. They deliver technology-driven solutions to banks, broker-dealers, asset and wealth managers and public companies. Broadridge’s infrastructure serves as a global communications hub enabling corporate governance by linking thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world. In addition, Broadridge’s technology and operations platforms underpin the daily trading of on average more than U.S. $10 trillion of equities, fixed income and other securities globally. A certified Great Place to Work®, Broadridge is a part of the S&P 500® Index, employing over 12,000 associates in 17 countries. For more information about Broadridge, please visit

Categories: News


Nordstjernan to invest in fintech company Roaring


Nordstjernan is to invest in the rapidly expanding fintech company Roaring and, with a shareholding of just over 20 percent, will become a partner to the founders and existing shareholders on the company’s continued growth journey.

Roaring is a Swedish fintech company formed in 2016, with its office in Täby in Stockholm. The company provides digital services to companies in all sectors with a need to automate customer data processes and know-your-customer (KYC) checks. Roaring offers highly sought-after services in such areas as automated anti-money laundering (AML) monitoring.

In a short time, Roaring has built a high-quality technical solution to ensure a smooth customer onboarding process, which reduces time-consuming manual work for a growing group of reputable customers.

This investment is being made within the Nordstjernan Growth & New technology sector.

“Roaring is the first investment in Nordstjernan’s new growth initiative. Roaring has significant potential in an exciting sector, and we believe Nordstjernan is a good fit as a partner in the phase in which the company currently finds itself,” says Nordstjernan’s CEO Peter Hofvenstam.

Peter Hofvenstam
President and CEO
Nordstjernan AB

Questions will be answered by:

Peter Hofvenstam, CEO, Nordstjernan
Stefan Stern, Head of Communications, Nordstjernan
Mobile: +46 70 636 74 17

Nordstjernan is a family-controlled investment company whose business concept is to be an active owner that creates long-term value growth. More information about Nordstjernan can be found on

This release was sent by Cision

Categories: News


Allianz to invest in ControlExpert

  • ControlExpert is a leading technology-driven automotive claims processing company active in 16 countries
  • Together with ControlExpert, Allianz expects to significantly improve claims handling through Artificial Intelligence (AI) and automation
  • Transaction is Allianz X’s second majority investment, following the acquisition of in May 2019

Munich, Langenfeld, 09.03.2020— Allianz X, the digital investment unit of Allianz Group, in cooperation with Allianz Germany, has entered into binding agreements with General Atlantic and other shareholders of ControlExpert for a majority investment in the company. The transaction is subject to the approval of the relevant antitrust authorities.

ControlExpert, a multi-national market leader in AI-supported automotive claims handling, partners with more than 130 insurance companies, car dealerships, repair shops, leasing companies and OEM partners at 17 locations across the world. The company offers an end-to-end platform for companies to digitalize and automate their motor claims management.

“Technical applications and platforms are crucial for capturing new opportunities in the digital era. ControlExpert has emerged as a clear leader in motor claims management in Germany and continues to show growth in international markets. We look forward to bringing together Allianz’s 130 years of experience in claims management and ControlExpert’s technological expertise to drive significant changes in the sector,” said Nazim Cetin, CEO of Allianz X GmbH.

“The cooperation with ControlExpert will enable us to settle automotive claims far more quickly in the future,” stated Jochen Haug, Board Member and Chief Claims Officer at Allianz Versicherungs-AG. “Additionally, we look forward to deploying Artificial Intelligence in key areas such as image recognition and fraud prevention to provide new services and bespoke offers to our customers.”

Following the transaction, ControlExpert will maintain its business model and operational autonomy. The company will retain its name, brand and identity, and will continue to offer its range of services to its clients including Allianz Germany.

“Our long-standing collaboration with Allianz has demonstrated that we share a common ambition in continuing to drive digitalization and customer-centricity forward. With its wide-ranging expertise and international focus, Allianz will support us in achieving further growth both in Germany and in the global markets. In this way, we will take a step closer to realizing our vision of drivers receiving fair compensation for damages on the very same day, anywhere in the world. In the future, it will be possible to handle claims and maintenance processes more quickly and easily, something which all our customers will benefit from,” explained Nicolas Witte, Managing Director of ControlExpert.

“We are looking back on a fruitful partnership with ControlExpert. Since 2017, we have supported the company, the management team around Nicolas Witte and the founding family in rolling out their business model internationally and further institutionalize the company. We are grateful for the constructive and trusting cooperation and wish the company and its employees all the best,” said Jörn Nikolay of General Atlantic.

Categories: News


Allianz X invests 34.5 million euros in Canadian fintech Purpose Financial

  • Purpose Financial offers a digital asset management platform for private clients, independent financial advisors, and SME lending
  • Allianz and Purpose plan joint development and distribution of retirement and investment products in focus
  • Canada is an important growth market for Allianz

Munich, February 8th, 2021 – Allianz X, the digital investment unit of Allianz, has acquired a stake in the Canadian fintech company Purpose Financial. In a dedicated financing round, Allianz X invested in newly issued shares for the equivalent of EUR 34.5 million, making it the second-largest external shareholder. Allianz X will also have a seat on Purpose Financial’s Board of Directors. The transaction is subject to the approval of the regulatory authorities.

Purpose Financial was founded in 2013 and has since established three successful lines of business: Purpose Investments, a digital asset management service for private clients and institutions, currently with approximately CAD 10 billion in assets under management; Purpose Advisor Solutions, a technology and service platform for independent financial advisors, currently servicing approximately CAD 2 billion in assets; and Thinking Capital, a digital lending and fintech platform for SME companies, which has originated over CAD 1 billion in loans in collaboration with major banks and other partners.

Allianz X’s investment will help Purpose Financial build out its infrastructure for further growth and continue to expand its product offering. In addition, the investment is a first step towards a deeper strategic collaboration between Purpose Financial and Allianz.

“Purpose Financial is a disruptor in the Canadian financial services landscape, having established a unique position in its market, particularly with its digital platform for financial advisors. The company is also well positioned for further growth in asset management and SME lending. We see various opportunities to capitalize on joint business opportunities going forward, for example in developing and distributing retirement solutions and investment products”, said Alexander De Kegel, Deal & Project Manager at Allianz X.

Allianz X invested last year in Wealthsimple, a fast-growing robo advisor also based in Canada. The Canadian wealth management market is estimated to be worth CAD 4 trillion dollars. Currently, the market is dominated by banks, but strong growth is emerging from independent financial advisors and other non-bank platforms.

“Given the current macroeconomic challenges and the growing importance of providing joint Life Insurance and Asset Management solutions, this partnership is a significant opportunity for Allianz and Purpose Financial to leverage each other’s expertise in financial services and digital technology,” said Cameron Jovanovic, Global Head of Retirement and Wealth Propositions of Allianz SE. “Retirement is a strategic growth pillar for Allianz, and we recognize the importance of creating holistic, digitally-enabled solutions for our customers. We see the partnership with Purpose Financial as a step forward in developing the innovative capabilities necessary to tackle the broad set of opportunities and challenges in the retirement sector, both in Canada and around the world,” he added.

“We are excited to welcome Allianz X as an investor and partner in our business alongside our existing investors OMERS and TorQuest,” said Som Seif, Chief Executive Officer of Purpose Financial. “Our business has grown exponentially since founding in 2013 and we are still in the early stages of our journey to innovating within the financial services industry. This partnership will provide us with additional resources and expertise to accelerate our growth and continue to drive innovation across the financial services sector on behalf of consumers.”

Media contacts:

Allianz X

Sebastian Köhnlechner

Purpose Financial

Keera Hart


Allianz X is the digital investment unit of the Allianz Group. Allianz X invests in and partners with digital frontrunners in the ecosystems relevant to insurance. Allianz X is one of the pillars of Allianz’s digital transformation strategy, and provides an interface between Allianz entities and the wider digital ecosystem.

Categories: News


Sightline Payments Announces Strategic Investment from Searchlight Capital Partners – Valuing the Business at $525 Million

Searchlight Capital

  • Strategic investment from global PE fund with successful track record in FinTech and vertical technology; Sightline Payments management invest in partnership with Searchlight Capital Partners in transaction
  • Sightline is strongly positioned to respond to the massive explosion in consumer interest in both online sports and iGaming, as well as growth in lottery, entertainment, gaming and hospitality
  • Recent events, as well as responsible gaming initiatives designed to increase transparency and improve customer insight, have combined to create a strong push for the company’s digital cashless solutions among consumers, operators and regulators
  • The domestic Total Addressable Market (TAM) for Sightline’s solutions is estimated at $265 billion
  • Sightline President of Americas Joe Pappano appointed Chief Executive Officer

LAS VEGAS, Nevada – December 9, 2020Sightline Payments (“Sightline” or the “Company”), a dynamic Financial Technology (FinTech) company that is enabling the next generation of cashless, mobile and omni-channel commerce solutions for the gaming, lottery, sports betting, entertainment and hospitality ecosystems, today announced a strategic investment from Searchlight Capital Partners (“Searchlight”), a leading global private investment firm with more than $8 billion in assets under management. The transaction establishes a post-money valuation of $525 million for the Company.

Sightline serves many of the premier gaming and entertainment operators in the United States including the top-10 sports betting and gaming operators. The Company is poised for significant growth with 60+ programs live in 39 States. Additionally, sports betting is now legalized in 25 states with ballot initiatives underway in more key markets.

Play+, Sightline’s flagship solution for seamless and secure pay-and-play with nearly 1.5 million enrolled accounts, is the leading cashless mechanism for users to safely and easily store money and fund their entertainment on gaming apps, on the gaming floor, and on sports platforms with instant access to their money, anytime, anywhere – all from a smartphone. Customers can also use their Play+ account for transactions at restaurants, retail or e-commerce outlets, and can make ATM withdrawals to easily access their funds while earning valuable loyalty benefits.

The Play+ solution has proven particularly valuable to operators and customers given accelerating demand from consumers for digital payments and cashless integration. Not only has demand for cashless payments in integrated resorts gained tremendous momentum, but sports betting is burgeoning. Play+ remains the premier choice of patrons moving money in and out for iGaming, mobile sports, horse racing and lotteries – all forms of entertainment that are experiencing significant growth.

Concurrent with today’s announcement, Sightline Payments co-founder and Chief Executive Officer, Kirk Sanford announced his retirement and resignation from the Company’s Board.  Sightline President of Americas, Joe Pappano; a 30-year FinTech, payments and gaming industry veteran, has been appointed as Chief Executive Officer and a Director of Sightline.

“Sightline is undergoing an exciting and important transformation and Joe will be an incredible leader, a fierce customer advocate, and is an industry powerhouse. I am confident in his ability to deliver truly phenomenal business performance,” said Kirk Sanford. “I also want to offer my sincere thanks to my incredibly talented colleagues and to the Sightline Board for their guidance and leadership during my tenure. Searchlight is a first-class firm that values and respects those who built the company and whose capital, strategic guidance and operational support will help create considerable long-term value.”

“Kirk has been an exceptional visionary and during his tenure grew the company into a leader in the FinTech industry,” said Sightline Payments co-founders Tom Sears (Chief Operating Officer) and Omer Sattar (EVP Strategy). “Thanks to his many years of hard work, dedication and guidance, Sightline is well-positioned to continue its leadership role in digital payments technologies for the entertainment and gaming ecosystem. The new capital from Searchlight, plus the addition of seasoned and proven executives in key roles will help drive our efforts to be a customer-centric, highly efficient growth company.”

“We have tremendous respect for the work Kirk, Joe and the rest of the management team at Sightline Payments have done over the last 10 years in developing breakthrough innovations in payments technologies,” said Christopher Cruz, Managing Director at Searchlight. “The company is well-positioned to ride the secular trends of consumers’ demand for cashless and digital payments and significant end market expansion. Searchlight is proud to partner with the Sightline management team and co-founders in this investment and to support the acceleration of its growth and innovation.

Categories: News