Australian FinTech Till Payments has scored $70m in a Series D funding round headed by Silva Fortune.
Till said it has seen an 300% increase in transaction volumes and an 200% increase in its merchant base over the past 12 months. Its solutions enable merchants to accept payments from all mainstream and emerging payment methods via a single partner, while providing fast, secure and all-in-one payment processing for all transactions.
Till said that it is ‘well-positioned’ to capitalise on the growing demand for innovative payment solutions and will continue to deliver value to its customers while driving sustainable growth.
The firm has recently welcomed Australian Payments Plus (EFTPOS), AliPay and WeChatPay to its already broad network of payment instruments, extending its value proposition to customers across the globe.
Till CEO Shadi Haddad said, “I am grateful for the support from our investors in bringing a successful close to the funding round. With a fresh focus on sustainable growth and fast-tracking profitability, Till is poised for an exciting new chapter, commencing with the immediate launch of Till’s new Core Acquiring Platform, allowing Till direct access to the Payment Networks globally.”
Till Payments non-executive director Matt Davey added, “Till’s existing investors have demonstrated their confidence in our plans for the company and our renewed and prudent approach to governance.
“We look forward to delivering strong organic growth underwritten by a disciplined approach to operations. Our technology is world class and a credit to our innovative and dedicated team members and we expect to continue to delight both current and future customers.”
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