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Tilled takes a new approach to PayFac-as-a-Service, banks $11m Series A

Colorado based payment facilitation startup raised $11m in Series A funding led by Canvas Ventures.

“Once they transitioned, their options weren’t exciting and the limitation was that the technology left a lot to be desired,” Avery added. “The other options were legacy banks and processors, but it would take four to six months for integration, and would cause them to have to hire additional staff to do it.”

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payfac, payments