Till Payments raises $110M in Series C funding

Australian founded payments disruptor, Till Payments (Till), raised $110 million in Series C funding round which it says will be used to fund general operations and expand internationally.

Shadi Haddad, CEO of Till Payments

The funding was raised from new and existing investors based in Australia and the US, including Avenir Growth, Woodson Capital, and Akuna Capital, and the latest funding round brings the company’s investment pool to $145 million.

Partner at Avenir Growth Capital, Jamie Reynolds, claimed: "Till is uniquely positioned to be a market leader in the global payments industry with its world-class omnichannel payments platform and merchant-centric approach." 

Founded in 2012, Till has a team of 125 staff and describes its mission as streamlining payments. Its customers include Nike, IGA, BMW Australia, Oxford, Bar Biscotti, and Gallagher Hotels.

The company began fairly humbly, offering tap and go payments for the parking industry in Sydney and has since expanded to work with 350 financial connections in 500 cities in 13 countries.

According to Shadi Haddad, CEO of Till Payments, “Payments is a rapidly growing sector globally that is still very much in its infancy.”

“This latest funding round will inject resources into our sales, marketing, technology and talent funnel and put us on the front foot as we double down on our international expansion efforts with regional teams. ” He described the cash injection as a significant milestone that will help Till accelerate its growth trajectory.

An Australian founded fintech, the company has attracted a range of senior executives to its board including chairman Greg Miles, former global COO of Scentre Group, and independent directors John Banfield, Group CEO BPAY, and Edwina Gilbert, board member of Carsales. 

Parental Leave

Till this week also launched its equal paid parental leave policy which it claims sets a gold standard for the industry. The fintech is offering staff 20 weeks of parental leave at full pay, with superannuation paid for the first 12 months, a policy that exceeds the minimum entitlement of 12 weeks of parental leave at full pay, including superannuation which is recommended by industry association Fintech Australia.

"The gender-inclusive entitlement forms part of a broader project that the company is working on to enhance its value proposition as an employer," a spokesperson told Digital Nation in a written comment.

According to Alison Long, Head of Talent at Till Payments, “As a company, we wanted to live out our values as authentically as we possibly could and an important part of this is by injecting these values into the development of our employment policies. We think it’s an important starting point, particularly in balancing the gender divide that you see in the corporate world.”