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About Trolley
Industries
Fintech
Company Size
51-200
Company Stage
Series B
Total Funding
$30.7M
Headquarters
Westmount, Canada
Founded
2015
Overview
Trolley.com provides payment solutions for businesses, including small to medium-sized enterprises, freelancers, and large corporations. Its platform simplifies the process of sending and receiving payments globally, allowing businesses to manage their financial transactions more easily. Trolley's services include automating payment workflows, ensuring secure transactions, and offering features for tax compliance and recipient management. The company generates revenue through transaction fees and may offer premium features for larger clients. Trolley differentiates itself from competitors with its user-friendly interface, strong security measures, and comprehensive customer support. The goal of Trolley.com is to provide reliable and efficient payment solutions that help businesses save time and reduce complexity in handling payments.
Simplify's Take
What believers are saying
- Trolley raised $23 million USD in Series B funding for global expansion.
- Partnership with CD Baby enhances Trolley's brand visibility and credibility.
- The rise of the gig economy increases demand for Trolley's global payment solutions.
What critics are saying
- Increased competition from emerging fintech startups could erode Trolley's market share.
- Potential regulatory changes may increase compliance costs for Trolley.
- Reliance on transaction fees makes Trolley vulnerable to pricing pressures from competitors.
What makes Trolley unique
- Trolley offers a user-friendly interface and robust security measures.
- The platform automates payouts and manages tax and banking information efficiently.
- Trolley's transparent incident history and system status updates build user trust.
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Funding
Total Funding
$30.7M
Below
Industry Average
Funded Over
5 Rounds
Industry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Company Equity
Paid Vacation
Remote Work Options
Gym Membership
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↓ -2%2 year growth
↑ 3%Trolley, a leading global payouts platform, today announced it has raised $23 million USD in a Series B growth equity funding round led by Wavecrest G
Trolley secures $23 million USD Series B to accelerate global payout platform expansion.
Montréal-based FinTech startup Trolley raised $32 million CAD ($23 million USD) in Series B funding to expand its global payout platform. The round was led by Boston's Wavecrest Growth Partners, with support from New York's Pace Capital. The funds will enhance Trolley's payout features, focusing on quicker, safer transactions and global expansion. The investment emphasizes Trolley's Trust product for ID and phone authentication. This round brings Trolley's total funding to approximately $42 million CAD.
To add, Canada-headquartered Trolley has also been awarded the No.23 rank on Deloitte Canada's Technology Fast 50, which celebrates its 26th anniversary this year.
Trolley, a company that is always at the forefront of such changes, has proactively responded by introducing its new DAC7 Compliance product.
Trolley is Hiring for 14 Jobs on Simplify!
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About Trolley
Industries
Fintech
Company Size
51-200
Company Stage
Series B
Total Funding
$30.7M
Headquarters
Westmount, Canada
Founded
2015
Trolley is Hiring for 14 Jobs on Simplify!
Find jobs on Simplify and start your career today