Till, an Australia-based payments provider for businesses, has raised AU$70m (US$46m) in a series D funding round, led by Silva Fortune.
The funding will enable Till to focus on “sustainable growth and fast-tracking profitability” as the fintech launches its new core acquiring platform.
Till raised AU$110m (US$80m) in a series C round in October 2021, which was used to boost its global expansion.
Following on from this funding, Till has seen an 300% increase in transaction volumes and an 200% increase in its merchant base over the past 12 months.
The company also recently welcomed Australian Payments Plus (EFTPOS), AliPay and WeChatPay to its network.
On the fresh funding, Matt Davey, non-executive director of Till, said: “Till’s existing investors have demonstrated their confidence in our plans for the company and our renewed and prudent approach to governance.
“We look forward to delivering strong organic growth underwritten by a disciplined approach to operations.”
Theo Koundouris, director at Silva Fortune, commented: “As a long-time investor and customer of Till Payments, we have seen first-hand the unwavering commitment the company has to its merchants and to delivering exceptional payment products and services.”