Australian-based payments firm Till Payments has completed its Series C round, securing $110 million in capital.
The product will be channeled toward strengthening Till’s national capabilities, “strengthening global expansion and further innovating its cutting-edge technology,” according to a statement.
The announcement also that the budget had been raised from new and existing investors living in Australia and the United States, adding Avenir Growth, Woodson Capital and Akuna Capital.
The extra said long-term investor Regal Funds Management, based in Australia, had also participated in the round, “acknowledging the good fortune of its past investments. “
Customers who delight in Till’s service proposition and smart visitor service “have also invested, which is a testament to the price and long-term expansion of Till’s offering. “
The additional update states that Till will use the capital to “expand its success in overseas markets, adding New Zealand, the United Kingdom, Europe and the United States. “In addition to supporting the company’s expansion efforts, the investment is “planned for the Till team and local functions to augment its technological innovation and progression efforts toward an undeniable data-driven payment solution. “
Shadi Haddad, CEO of Till Payments, noted that there are “huge ‘opportunities in the invoice industry’, with approximately $670 billion in invoices made in Australia every day, and this capital injection will help Till remain at the forefront of this booming industry. “
Haddad noted:
“Payments is a fast-growing global sector that is still in its infancy. The widespread disruption that has taken a stand over the next year has led companies to call for a revolution of invoices, a revolution that is simple, transparent and that takes into account each and every touch and knowledge of each customer points to the payment experience.
Haddad added that Till is there to “meet that demand. “He also noted that they have “evolved along the complex price chain to become an all-in-one invoice provider that works tirelessly to ensure that our products and facilities not only meet and exceed the needs of our customers, but also supply inventions that put them ahead of their competitors.
Haddad continued
“This new investment circular will inject resources into our sales, marketing, generation and skill funnel and put us at the pinpoint as we double our overseas expansion efforts with regional teams. We are committed to fulfilling our project of being a catalyst for our customers. , partners and workers around the world, and this vital step will drive our expansion trajectory.
Till’s Series C funding “follows a successful increase in 2019 and 2020, bringing the company’s overall investments to $145 million. “
Avenir Growth Capital’s spouse, Jamie Reynolds, said:
“Till is uniquely located to be a market leader in the global invoice industry with its world-class omnichannel payment platform and merchant-centric approach. We are excited to marry Till for their long-term sustainable expansion into australian and overseas markets. »
Established in 2012, Till’s team of 125 employees “is developing and headquartered in Australia, with groups in London, Manila and across the United States. “
Until recently it serves “hundreds of merchants in 12 countries and more than 500 cities. “