News and research before you hear about it on CNBC and others. Claim your 1-week free trial for Street Insider Premium here.
NEW YORK – (BUSINESS WIRE) – Fintech payments disruptor Till Payments (Till) has closed its Series C funding round, raising AU $ 110 million in private equity, equivalent to approximately US $ 80 million . The funding will be used to strengthen Till’s operational capabilities in North America, strengthen global consolidation and further innovate in its advanced payment technology.
Funding was raised from new and existing investors based in the United States and Australia, including Avenir Growth, Woodson Capital and Akuna Capital. Long-term investor, Australia-based Regal Funds Management, also participated in the round, acknowledging the success of their past investments. Local US and global customers with first-hand experience of Till’s unique service proposition and exceptional customer service have also invested, a testament to the long-term value and growth of Till’s offering.
Till will use the funding to deepen its capabilities in the United States, leveraging the local team of industry experts to expand its solution capabilities in North America and other international markets, including the United Kingdom. , Europe and APAC. In addition to fueling the company’s global expansion efforts, the investment is intended to strengthen Till’s local team and capabilities, and accelerate its efforts in technological innovation and development towards a simple payment solution. data-driven.
In the United States, Till has appointed Tom Tucker, a seasoned payments industry veteran, as Regional Manager to lead its expansion initiatives. He is assisted by Tom Humphrey as Chief Compliance and Risk Officer.
Shadi Haddad, CEO of Till Payments, said there are huge opportunities in the payments industry, with around $ 8 trillion in payments made in North America each year1, and this capital injection will help Till stay at the forefront of this booming industry.
“Payments is a rapidly growing industry globally that is still in its infancy. The widespread disruption that has taken place over the past year has prompted businesses to call for a payments revolution – a revolution that is simple, transparent, and takes into account every contact and every consumer data point during the payment experience. ”Said Mr. Haddad.
“Till is here to meet this demand. We have evolved through the complex value chain to become an all-in-one payments provider that works tirelessly to ensure that our products and services not only meet and exceed the needs of our customers, but also deliver driven innovation. the future that put them forward. of their competitors.
“This latest round of funding will inject resources into our sales, marketing, technology and talent funnel and put us in the spotlight as we double our international expansion efforts with regional teams. We are committed to fulfilling our mission of being a catalyst for our customers, partners and employees around the world, and this important step will help us accelerate our growth trajectory.
Till is a high-growth global fintech disruptor that simplifies payments with single-source solutions that ensure merchants can accept any payment where and when their customers shop. The Series C funding follows successful increases in 2019 and 2020, bringing the company’s total investment to AU $ 145 million, or approximately US $ 105 million.
Avenir Growth Capital partner Jamie Reynolds said, “Till is uniquely positioned to be a market leader in the global payments industry with its world-class omnichannel payments platform and merchant-centric approach. . We are delighted to partner with Till to support their long-term sustainable growth in the Australian and international markets.
The company is supported by a well-accredited management team including CFO Peter Slater, former CFO of the Mastercard division; Chief Revenue Officer, Chris Hicks, co-founder of Till and former regional manager of First Data (now FiServ); Chief Operating Officer, Shadi Haddad, former Group General Manager at Bingo Industries; and Fady Daher former managing director; Vice President of Global Business at American Express.
About cashier payments
Till is the rapidly evolving global fintech disruptor, born in Australia, creating a world of possibilities for businesses looking for simple, transparent all-in-one payment solutions. We make it easy to get paid with single-source solutions that ensure merchants can accept any payment wherever and whenever their customers shop, whether it’s online, in-store, or a combination of the two.
Organizations across diverse industries including FMCG, Automotive, Parking & Transit, Retail & Hospitality, are using our end-to-end smart and transparent payment experiences to support growth and improve the customer experience.
Founded in 2012, Till’s team of 125 is growing rapidly and is headquartered in Australia, with teams in London, Manila and across the United States. Till currently serves hundreds of traders in 12 countries and over 500 cities. For more information on Till Payments, visit: www.tillpayments.com
1 Source (United States): US Federal Reserve – The 2019 Federal Reserve Payments Study (2019 Study) – Nilson Report Issue 1185
Notes: 3. Includes the total value of transactions acquired in the EEA for credit and charge cards and debit cards and the total value of transactions for prepaid cards. 4. Includes the total value of transactions acquired in the United States of America for credit and charge cards, and debit cards and the total value of transactions for prepaid cards.
Krista sparks kiner
Relations with citizens
714-308-1160 / [email protected]
Payments up to
+61 (03) 7064 7113 / [email protected]
Source: Cash payments