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Tilia
Payment platform for digital economies
- 21-100 employees
- Fintech
- B2B
- Payments
- SaaS
- Mobile
- Northern Waterfront, San Francisco, CA
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Company mission
To make it easy for money to move throughout any digital economy.
Our take
Today, payment infrastructures are built for traditional commerce, having failed to catch up with the new way of living and working in the digital economy. This traditional way of paying limits transactions between users and platforms, with users instead forced to move away from their platform of choice where transaction security may not always be protected. This means that users are putting themselves at risk, while platforms are losing out on payments that help build their ecosystem.
Recognising this gap in the market is Tilia, a payment platform designed to make the movement of money easy throughout any digital space, with a particular focus on supporting the Metaverse. The platform handles payment processing, in-game transactions, as well as creator payouts by converting in-world tokens to fiat currency.
Built out of Linden Labs in 2019, Tilia has a massive opportunity to unlock a whole new revenue stream for both online creators and the platforms they build in. The company is already working in collaboration with J.P Morgan to increase payout methods as well as expand the number of pay-out currencies, giving Tilia a huge boost when it comes to scaling the potential size of the growing Metaverse.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Medical, dental and vision care
- 401(k)
Funding (1 round)
Oct 2022
$10m
EARLY VC
Total funding: $10m
Leadership
Bradford Oberwager
(CEO (not founder))Executive Chair of Linden Lab (parent of Second Life and Tilia) as well as being the founder of plant-powered protein bar company, Sundia. Previously founded Jyve and served as the CEO at Bare Snacks (acquired by PepsiCo).