Payments fintech disruptor, Till Payments, has announced a top up in excess of $15m boost to its latest investment round, with support from European investors and Touch Ventures.
Touch Ventures is an Afterpay backed venture capital business company that is specialising in investing and funding later stage, high growth companies around the world.
Till Payments attracts funding from Touch Ventures
Touch ventures is injecting $5 million to the top-up so as to support Till Payment’s accelerated innovation agenda and its expansion into the US, the UK and New Zealand.
The two firms share a focus on key verticals like retail innovation, finance and data, plus complementary business values, targeting high-growth and scalable global opportunities.
The investment follows the appointment of the Till’s first Chief Technology Officer, Vinay Rao.
Vinay brings more than two decades of experience in the technology sector and recently as Head of Merchant Business at Woolworth’s payments arm, Wpay, where he was instrumental in helping Australia’s largest retailer become an omnichannel payments powerhouse.
Based in Sydney, he will lead Till’s team of developers and engineers as they embark on a fast-tracked innovation path with the view of launching a suite of new products next year.
Till Payments is investing heavily in the company’s employee hiring drive to secure the best talent all around the world. The 143 strong team has grown by 204% over 12 months.
Comments on Till’s partnership with Touch Ventures
Shadi Haddad, the Chief Executive Officer at Till Payments welcomed the partnership.
“We’re very excited to welcome Touch Ventures to the Till family. Our two companies incredibly share complementary ethos and a vision for the future that is undeniably aligned.”
“Till Payments has recently achieved some crucial milestones despite the difficult times.”
“The support of Touch Ventures enables us to leverage Afterpay’s ecosystem, thus further assurance of adding more fuel into the fire needed for our success in global markets.”
Hein Vogel, the Chief Executive Officer of Touch Ventures is excited with the partnership.
“The team at Touch Ventures is extremely excited for the opportunity to strategically be partnering with the innovative Till Payments team and become part of the growth journey.”
“Till has grown from strength to strength and looking to scale globally which is aligned with our philosophy of backing Australian entrepreneurs to build global businesses.”
Touch Ventures’ investment follows the global fintech’s recent Series C Capital Raise, which attracted $110 million from new and existing investors based in Australia and the USA.