Aussie paytech Till Payments lands $46m Series D funding
Aussie paytech Till Payments has successfully closed an AUD 70 million ($46 million) Series D funding round led by Silva Fortune.
Till Payments closes $46m Series D round
The fresh capital raise follows its $80 million Series C in October, which valued the firm at AUD 500 million ($350 million).
The Series D also comes just weeks after the company’s decision in January to lay off 120 staff – around 40% of its workforce – as part of a wider reorganisation.
“Till’s existing investors have demonstrated their confidence in our plans for the company and our renewed and prudent approach to governance,” says non-executive director Matt Davey, who joined the company in January as part of its reorganisation.
Founded in 2012, Till Payments claims to serve hundreds of merchants across 12 countries, providing a data-driven and end-to-end payment solution for online and bricks-and-mortar stores.
Over the past 12 months, the paytech says it has seen a 300% increase in transaction volumes and a 200% increase in its merchant base.
The firm has also launched a new core acquiring platform and added Australian Payments Plus (EFTPOS), AliPay and WeChatPay to its network.
Till Payments CEO Shadi Haddad says the company is focused “on sustainable growth and fast-tracking profitability”.
