PayFac-as-a-Service startup Tilled raises $12.5m to expand card-present strategy internationally

Tilled, the Boulder-based startup that pioneered PayFac-as-a-Service to help software companies realize the full benefit of embedded payments, announced a $12.5 million fundraising round led by Canvas Ventures and UPC Capital Ventures. Tilled is also announcing a new partnership with Handpoint to expand its card-present offerings, including dozens of terminal options available in the United States and Canada.

Caleb Avery, CEO and Founder, Tilled: "Over the past year, Tilled has been honored to partner with some of the most prominent organizations in payments, delivering our turnkey PayFac-as-a-Service solution under their brands to elevate their customer offerings. Building on the momentum of our exciting partnership with North announced this week, this new funding empowers us to double down on our mission. We'll be expanding our collaborations with leading payment companies worldwide to create innovative programs that seamlessly integrate Tilled's cutting-edge technology with our partners' vast distribution channels. Together, we're setting a new standard in the payments industry."

The latest round of funding brings Tilled's total amount raised to nearly $40 million since its founding in 2019. In addition to expanding its product roadmap, Tilled also plans to use the funds to scale up sales and marketing to support its explosive growth — currently experiencing 550%+ YoY revenue growth.

Jody Muehlegger, COO, Handpoint: "Handpoint is a seamless partner for the Tilled platform. From streamlined activation processes, to real-time data APIs, to solutions that fit every ISV platform, Handpoint is built for the omni-PayFac experience that Tilled customers expect. We are excited to work with them to expand their card-present services here and abroad."

Tilled's partnership with Handpoint will bring many new terminal options to customers in both the United States and Canada. All of these devices are available to process semi-integrated transactions through a single API connection at Tilled.

John Wallington, Co-founder and Managing Partner, UPC Capital Ventures: "I've been a part of the Tilled journey since Day 0, and to see major partnerships including North, Handpoint, and others coming to the table to join us is incredibly rewarding. In a short time, Tilled has become the leading provider in the PayFac-as-a-Service category - a category it created. I'm excited to see how its growth will continue to benefit the payments industry."

www.tilled.com

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