Till Payments
Australian merchant payments platform offering in-person, online, and payment-link processing; now part of Canadian processor Nuvei.
Founded
2012Australian merchant payments platform offering in-person, online, and payment-link processing; now part of Canadian processor Nuvei.
Till's platform combined in-person and online acceptance through a single provider, with same-day settlement in the Australian market and a large library of platform integrations. Its 2022 acquisition of the Zips payment processing unit added North American point-of-sale distribution and independent software vendor partners.
Under Nuvei, the former Till platform draws on the acquirer's global processing network, including support for hundreds of alternative payment methods and unified in-person and digital acceptance for ANZ merchants.
Source: tillpayments.com
The company cut roughly 40 percent of its workforce in early 2023, citing global inflationary pressure and economic contraction, after registering a large after-tax loss for the prior financial year. Its Series D followed at a lower valuation than the previous round, and the business was sold about seven months later.
Touch Ventures, an early-stage investor, wrote its position down to nil after the Nuvei sale, and the fintech never completed its planned Nasdaq listing.
Source: startupdaily.net
Till Payments served merchants across Australia, New Zealand, and North America, with a customer base spanning 12 countries at its Series C and offices in Sydney, London, Manila, and the United States. Retail and hospitality venues used its terminals, gateway, and payment links.
Its 2022 acquisition of the Zips unit brought Ziosk and its independent software vendor partners in North America onto Till processing, and Ziosk continued using Till processing in the United States after the deal.
Source: tillpayments.com
Till Payments entered the North American market at TRANSACT in 2022 after acquiring Ziosk's Zips payment processing unit, whose employees and independent software vendor partners moved across. Founder Shadi Haddad stepped down as chief executive in March 2023 after the Series D raise.
The Australian business was sold to Canadian processor Nuvei, with the deal reported at about US$30 million and completed in January 2024. Till's platform now operates as part of Nuvei's Australia and New Zealand payments business.
Source: tillpayments.com