Till Payments closes $110m funding round

Australian fintech startup Till Payments has closed a $110 million Series C funding round as it prepares for a global expansion.

The Series C funding round attracted the participation of Australian and US investors including Avenir Growth, Woodson Capital and Akuna Capital. Long-term investor Regal Funds Management also participated. Series C brought the total capital raised by the company to date to over $145 million.

Till Payments develops single source solutions for enabling merchants to accept any payment from customers.

The company plans to use the proceeds to strengthen its local capabilities while further pursuing growth in international markets including New Zealand, the UK, Europe and the US.

Till Payments CEO Shadi Haddad said investors recognise the significant opportunities in the payments sector, with around $670 billion in payments made in Australia every day.

“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.”

Image credit: ©stock.adobe.com/au/Piotr Pawinski