The company’s inclusion in this list showcases its continued momentum after it became Nevada’s first fintech unicorn in August 2021, valued over $1 billion.
Financial Times has described this third annual ranking as capturing the resilience of businesses as they adapted to the initial onslaught of the Covid pandemic in 2020. “Since that initial response, business leaders across the region have vowed to ‘build back better’ – with increased digitization across several sectors and faster improvements in green energy generation and infrastructure”.
According to the publication, the technology sector has seen rapid growth as the coronavirus crisis deepened and more people began to work, shop and communicate through digital channels. Some companies have since seen growth slow as lockdowns were lifted.
“As with last year’s ranking, technology – led by North American companies – accounts for nearly 28% of the overall list, followed by financial services (7%) and health (6.4%)”, Financial Times explained.
Sightline’s co-CEO, Omer Sattar said in a statement Wednesday: “I’m humbled and honored by Sightline’s inclusion in the Financial Times’ 2022 list of the America’s Fastest-Growing Companies. Achieving a growth rate of 90%+ doesn’t happen without an incredible and dedicated team with a passion for innovation”.
Sightline Payments has recently been an active actor involved in the approval of the remote cashless verification system now being implemented in Nevada for cashless casino wagering accounts. The company presented the proposal before the state regulator, which was later passed mid-January.
In a recent interview with Yogonet, Chief Legal Officer for Sightline, Jennifer Carleton said the company has been asked by a number of state regulators outside of the state to meet and talk about payments technologies and specifically about how cashless is being implemented.
“We’ve been working with states and state regulators to talk about how Nevada approaches regulation and, as other states come online, they can look at the Gold Standard and how to implement cashless technology on their casino floors”, she stated, and assured that a few casinos in Nevada and specifically in Las Vegas, such as Resorts World, are finalizing implementation in order to launch the remote verification registration method “in a few weeks”.
“The methodology itself is not new”, Carleton underscored when referring to the system. “But bringing it to the casino floor and putting it as part of an account wagering for cashless on the casino floor is the new step”.