Trolley, a global payouts platform provider, has raised $23 million in Series B funding, led by Wavecrest Growth Partners with support from Pace Capital.

The company will use the funds to speed up product development, grow its market reach, and improve its platform to better serve businesses of all sizes, from startups to Fortune 500 companies. Specifically, the funding will be used to:

Enhance product features: Expand the platform and payment network with new tools for global payouts.

Grow the customer base: Invest in expanding its solutions for new industries and regions.

Improve compliance solutions: Advance its tax compliance, digital reporting, ID verification, and fraud prevention technologies.

Led by CEO and Founder Tim Nixon, it offers an all-in-one payouts platform tailored for the internet economy. It helps businesses manage global payouts, tax compliance, and ID verification for contractors worldwide.

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Finance and product teams at companies like SoundCloud, Envato, Downtown Music, Bugcrowd, Creator IQ, and BandCamp rely on Trolley to simplify workflows, lower risks, and scale effectively.

About Trolley

Trolley is an end-to-end payouts platform designed for the internet economy, enabling businesses to handle payouts, tax compliance, and ID verification for global contractors. Hundreds of organizations, including SoundCloud, Envato, and BandCamp, use Trolley to streamline operations, minimize risk, and scale up efficiently.