Till Payments said to close Series C on $110m

Australia-based Till Payments has reportedly closed its Series C funding round on $110m.

Capital from the round will be used to foster its international growth efforts and develop new technology solutions, according to a report from Crowdfund Insider.

The capital injection was supplied by Avenir Growth, Woodson Capital, Akuna Capital and an array of other backers based in the US and Australia.

Till claims to remove the complexity for merchants accepting payments by supplying them with a single and simplified payments platform. Its technology is used by companies in the retail, e-commerce, hospitality, travel and transport sectors.

Clients can choose between online payments devices, POS terminals, pay by link technology and a unified commerce payments solution.

With the close of the round, the FinTech company has raised a total of $145m in equity.

A recent review by the Australian government highlighted regulatory shortcomings in the country’s payment ecosystem. It offered 15 recommendations to improve it, including new obligations and powers to protect the payment system.

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