Montreal-based Trolley, a leader in payout solutions, raised $31.4 million in Series B funding, led by Wavecrest Growth Partners, with support from Pace Capital. This investment supports Trolley’s product and market expansion, helping businesses manage global payouts efficiently. CEO Tim Nixon highlighted the funding as pivotal for advancing Trolley’s platform and improving compliance capabilities.
The company, recognized in the Deloitte Technology Fast 50, has seen 484% revenue growth in three years. Wavecrest’s Vaibhav Nalwaya praised Trolley’s high ROI in B2B payments, and Pace Capital’s Chris Paik emphasized Trolley’s responsiveness to market needs.
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