Tilled, a Boulder, Colorado-based leading PayFac-as-a-Service provider that allows B2B ISVs to monetize payments that pass through their platforms, announced the closed of an $11 million Series A extension, led by G Squared, with participation from existing investors Peterson Ventures and Abstract Ventures.
With the new funding, Tilled plans to more than triple the size of the current team by the end of 2022. Tilled is hiring across all departments including sales, marketing, engineering, implementation, and customer support. Searches are being conducted both locally in Boulder and nationwide searches for the best candidates.
The new funds, which follow an $11 million Series A in May 2021, will allow Tilled to continue its aggressive growth trajectory, investing in top-tier talent to fuel the development and rollout of new products and services.
Tilled has also launched omnichannel payments, offering a more complete solution to enterprise-level customers.
Company: Tilled, Inc
Raised: $11.0M
Round: Series A extension
Funding Month: February 2022
Lead Investors: G Squared
Additional Investors:
Company Website: https://tilled.com/
Software Category: PayFac-as-a-Service
About the Company: Founded in 2019, Caleb Avery, Tilled was created to empower software vendors, marketplaces, and SAAS companies to start generating revenue from accepting credit cards. Tilled empowers ISVs to monetize the payments flowing through their platforms. Through Modern APIs and SDKs, Tilled's turnkey system allows software companies to be set up and running in a matter of weeks, with no upfront costs or additional headcount required. Without any of the headaches, regulatory compliance, or liabilities of becoming a fully registered facilitator, Tilled makes it easy for any software company to take full advantage of the benefits of payment facilitation. Tilled was currently based in Boulder, Colorado.
Source: https://www.prnewswire.com/news-releases/tilled-expands-payfac-as-a-service-innovation-with-new-capital-and-capabilities-301481787.html