Turnkey Raises $12.5M for Embeddable Crypto Wallet Infrastructure

Tilled, a Boulder-based PayFac-as-a-Service provider, raised $12.5 million in a funding round led by Canvas Ventures and UPC Capital Ventures, announced on Oct. 29, 2024. The round brings the company's total funding to nearly $40 million since its founding in 2019. Tilled plans to use the capital to expand its product roadmap and scale sales and marketing, citing 550%-plus year-over-year revenue growth.

Alongside the raise, Tilled announced a partnership with Handpoint to broaden its card-present offerings. The Handpoint integration gives Tilled customers access to dozens of new terminal options in the United States and Canada, all processing semi-integrated transactions through a single API connection. Tilled's platform enables software companies to embed white-label payments without registering as a full payment facilitator.