Tilled
“Can a PayFac-as-a-Service platform give B2B ISVs the economics of full payment facilitation without the compliance and infrastructure burden?”
Founded2018
HQBoulder, Colorado, USA
FoundersCaleb Avery
Total raised$50.2M
Latest round$12.5M (Oct 2024)
IndustryInfrastructure / Payments
The story
Tilled pioneered the 'PayFac-as-a-Service' category — giving B2B software vendors the economics of being a payment facilitator without the compliance and capital overhead. Originally built primarily on TSYS acquiring rails, it has broadened processor optionality (Paysafe, North, TSYS, KORT) and pushed into card-present via a 2024 Handpoint partnership. The 2024 raise and 'Portfolio Buy-Back' offering signal a shift toward roll-up-style residual acquisition alongside greenfield ISV payment enablement.
Product timeline
2018
Founded in Boulder to bring PayFac-as-a-Service to B2B software vendors· founding
2024
Raised $12.5M led by Canvas Ventures and UPC Capital Ventures; announced Handpoint partnership for card-present expansion in US and Canada· funding
2024
Announced partnership with North (payments)· partnership
Regulated entities
3
regulatory licences held by Tilled
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
5 layers disclosed in Tilled’s embedded-finance stack
Banking / BaaS
in the full report
Card network
in the full report
Open banking
in the full report
Sponsor bank
in the full report
Accounting gap: none
7 more providers across 4 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.