Tilled is one of a handful of companies championing the concept of PayFac (Payment Facilitation)-as-a-Service, along with the likes of Payrix and Finix.
It offers software vendors and marketplaces a range of APIs and Software Development Kits (SDKs) to allow them to embed payment solutions into their own platforms, rather than relying on – and paying for – third party providers like Stripe and PayPal.
Turnkey embeddable Fintech solutions like Tilled’s are rising at an extraordinary rate. In 2020 the market value was around $22 billion, but it’s forecast to be worth more than ten times that amount by 2025.
While Tilled was founded a few years after its closest competitors Payrix and Finix, the company has been quick to secure major funding and scale up. Considering how hot the market is expected to be over the next few years, there should be plenty of room for growth.
Freddie
Company Specialist at Welcome to the Jungle