Till Payments

Till Payments, founded in 2012 by Shadi Haddad and Chris Hicks, is an Australian financial technology firm that has evolved from an initial concept of digitizing payments for parking meters into a comprehensive payment solutions provider. The company's journey includes significant funding milestones, having raised a total of $141M over several rounds, including a Series C round of $80M in 2021 and a Series D round of $47.2M in March 2023. A pivotal moment in its history occurred in January 2024, when it was acquired by Canadian fintech company Nuvei for approximately $36.9 million, a move aimed at expanding its global reach and accelerating payment innovation.

The business is centered on providing unified commerce solutions for merchants, simplifying the acceptance of payments across multiple channels. It serves a diverse client base across sectors such as automotive, retail, hospitality, and e-commerce. The company's business model involves offering a single, integrated platform that handles in-store, online, mobile, and recurring payments, thereby reducing complexity for businesses. Revenue is generated through processing fees, which are offered in various transparent structures like Blended, Interchange+, and Interchange++, allowing merchants to choose a model that suits their needs.

Till Payments provides a suite of products designed to create a seamless payment experience. This includes plug-and-play point-of-sale (POS) terminals for in-person transactions and solutions for online payments via websites, apps, email, or SMS. A key offering is the Till Portal, a centralized platform where merchants can track and reconcile transactions, manage refunds and chargebacks, and access real-time business data for actionable insights. The platform supports over 300 payment methods, including major credit cards, digital wallets like Apple Pay and Google Pay, and various international and alternative payment options. This enables merchants to cater to a global customer base and unify their payment data from different channels into a single view.

Keywords: unified commerce, payment processing, merchant services, fintech, point-of-sale, online payments, payment gateway, all-in-one platform, transaction management, cross-border commerce