- Press release
22 November 2021
Till Payments upsizes recent funding round with top up from Afterpay-backed Touch Ventures
Payments fintech disruptor, Till Payments, has today announced a top up in excess of $15 million boost to its latest investment round, with support from strategic European investors and Touch Ventures – the Afterpay-backed venture capital firm that invests in later stage, high growth companies globally. Touch Ventures injects $5 million to the top-up to support Till’s accelerated innovation agenda and its expansion into the US, the UK and New Zealand.
The two companies share a strong focus on key verticals, including retail innovation, finance and data, as well as complementary business values, targeting high-growth and scalable international opportunities.
News of the investment accompanies the appointment of the fintech’s first Chief Technology Officer, Vinay Rao. Vinay brings with him over two decades of experience in the technology sector, most 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. He will be based in in Sydney, where he will lead the company’s technology team of developers and engineers as they embark on a fast-tracked innovation path with the view of launching a suite of new products in the new year.
Till is investing heavily in its hiring drive to secure the best talent all around the world. The 138 strong team has grown 212% over 12 months.
Shadi Haddad, CEO at Till Payments, says the partnership will help push the company’s global ambitions further.
“We’re very excited to welcome Touch Ventures to the Till family. Our two companies share an incredibly complementary ethos and a vision for the future that is undeniably aligned,” he said.
“Till has had some big wins recently but with the support of Touch Ventures and the potential to tap into Afterpay’s ecosystem, we’re further assured that we’re adding more fuel to fire our success in international markets.” Mr. Haddad continued.
“We are excited to join the Till Payments team and be 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” said Hein Vogel, CEO of Touch Ventures.
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 US.