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October 8, 2021

Australian fintech Till Payments rakes in $80m to drive international expansion

By Shalini mani

Australian fintech firm Till Payments has raised around $80m (A$110) in private capital as part of a Series C round.

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The firm intends to use the funds to support its efforts to boost operational capabilities in North America, drive global consolidation and support the further development of its payments technology.

The financing round was joined by new as well as existing investors based in the US and Australia, including Woodson Capital, Akuna Capital and Avenir Growth.

Australia-based Regal Funds Management, a long-term investor in Till, also participated in the round which was also backed by Till customers in the US and globally.

Till Payments CEO Shadi Haddad said: “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.

“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.”

Founded in 2012, Till enables merchants to accept all types of payments through its single-source solutions.

The fresh infusion will enable the firm to build out its local team of industry experts in the US as it looks to expand its solution capabilities in North America, the UK, Europe, and APAC.

It will also support Till’s developmental efforts for a data-driven payment solution.

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 omni-channel payments platform and merchant-centric approach.

“We are excited to partner with Till to support their sustainable long-term growth in both the Australian and international markets.”

The latest fundraising, which follows the firm’s financing rounds in 2019 and 2020, takes its total investment pool to approximately $105m (A$145).

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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