# Trolley CA

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/trolley-ca

- Industry: Business Support Services
- Headquarters: Toronto, Canada
- Website: www.trolley.com
- Total disclosed funding: $28M
- Latest round: Series B (Nov 13, 2024)
- Investors on record: 2

## About

Based in Canada, Trolley CA Inc. is a technology company that offers a modern payouts platform designed for the internet economy, facilitating efficient payment solutions for a diverse range of industries.Trolley CA Inc. specializes in providing automated payout solutions and was founded in 2015 in Toronto, Canada. The company has engaged in 3 funding rounds, with the latest round being a Series B in November 2024, raising CAD 32.000 million led by Wavecrest Growth Partners. The co-founders, Fatih Shermaddo and Tim Nixon, both serve as CEOs, bringing valuable experience to the company. Trolley has effectively pivoted towards enhancing its technology, focusing on the automation of payment processes.Trolley offers a comprehensive payouts platform that automates payment processes for businesses globally, ensuring compliance with local regulations. Its core features include onboarding and Know Your Customer (KYC) compliance, which allows businesses across finance, technology, and creative sectors to seamlessly pay contractors and suppliers. The platform serves clients in North America, Europe, and parts of Asia, providing various payment options tailored to diverse market needs.Trolley generates revenue through transaction-based fees associated with its payouts platform. Clients utilize Trolley's API to streamline their payment workflows, resulting in reduced manual tasks. While specific pricing structures are not disclosed, the company charges fees for processing payouts, which includes compliance-related services such as tax form collection and reporting.Following the CAD 32.000 million funding raised in November 2024, Trolley plans to further develop its payout management platform and application programming interface. The company aims to expand its market presence into additional geographic regions, leveraging the new funding to enhance its services and reach a broader client base.

## Funding rounds

- Series B, Nov 13, 2024, $23M — Wavecrest Growth Partners, Pace Capital
- Series A, Dec 7, 2021, $5.5M — Pace Capital

## Investors

- Pace Capital (https://capitalatlas.ai/funds/pace-capital) — Series A, Series B
- Wavecrest Growth Partners (https://capitalatlas.ai/funds/wavecrest-growth-partners) — Series B