Trolley Raises $23M Series B to Revolutionize Music Industry Payment Systems
Canadian fintech company Trolley has secured $23 million in Series B funding, led by Wavecrest Growth Partners with participation from Pace Capital. The company plans to use this investment to enhance its music industry payment solutions.
Six trolley board employees standing together
Key Developments:
- Integration of advanced ID verification systems
- Implementation of comprehensive artist profiles
- Support for various royalty calculators
- Enhanced workflow scalability for music businesses of all sizes
The company currently processes payments to over 210 countries and territories, serving both the music sector and content creation space. Recent partnerships include SoundCloud, Hopeless Records, and Distro Nation, with the latter reporting improved payment efficiency for artists.
Notable Achievements:
- 484% three-year growth rate
- Listed on Deloitte's "Technology Fast 50" for second consecutive year
- Expanding partnerships with major music industry players
CEO Tim Nixon emphasizes the funding will strengthen Trolley's position in providing reliable, compliant cross-border payment solutions for creators, artists, and music businesses globally.
Businessman checking phone with charts
Emmy Feldman in white shirt
Colorful YouTube gift jewel icons
Related Articles
Antonio Brown Claims He'll Headline Fyre Festival II Despite Venue Uncertainty
