Fintech Till Payments raises $110 million series C
Sydney payments fintech Till Payments has raised $110 million in a Series C.
The round was backed by local and US investors, including Avenir Growth, Woodson Capital and Akuna Capital. Long-term backer Regal Funds Management once again supported the raise, along with several Till customers.
The series C follows raises in 2019 and 2020, taking total funding to $145 million.
The cash will be used to strengthen Till’s local capabilities, bolster global expansion, and develop its technology further.
Till also plans to expand its reach in international markets, including New Zealand, the UK, Europe and US.
The company was founded in 2012, and now has 125 staff, with its HQ in Sydney and teams in London, Manila and across the US. Its customer base spans 12 countries and more than 500 cities.
CEO Shadi Haddad said he’s looking to strengthen Till’s local team and capabilities and accelerate its technology innovation and the development of a simple, data-driven payment solution.
“Payments is a rapidly growing sector globally that is still very much in its infancy. The widespread disruption that has been experienced in the past year or so has urged businesses to call for a revolution in payments – one that’s simple, seamless and considers every consumer touch and data point during the payment experience,” he said.
“Till is here to deliver on that demand. We have evolved through the complex value-chain to become an all-in-one payments provider that is working tirelessly to ensure our products and services not only meet and exceed our customers’ needs, but also provide forward-looking innovations that put them ahead of their competitors. ”
Haddad said the fintech’s goal is to take the complexity out of getting paid with single-source solutions for merchants for payments. Now it’s about getting people on the ground to help that happen.
“This latest funding round will inject resources into our sales, marketing, technology and talent funnel and put us on the front foot as we double down on our international expansion efforts with regional teams,” he said.
“We’re committed to our mission of being an enabler for our customers, our partners and our people all around the world, and this significant milestone will help us accelerate our growth trajectory.”
Avenir Growth Capital partner Jamie Reynolds said they welcomed the chance to back the Australian fintech.
“Till is uniquely positioned to be a market leader in the global payments industry with its world-class omni-channel payments platform and merchant-centric approach,” he said.
“We are excited to partner with Till to support their sustainable long-term growth in both the Australian and international markets.”
Source: Startups – Startups Daily