Trolley Raises $23M Series B to Revolutionize Music Industry Payment Systems
Canadian fintech company Trolley has secured $23 million in Series B funding, led by Wavecrest Growth Partners with participation from Pace Capital. The company plans to use this investment to enhance its music industry payout solutions.
Six trolley board employees standing together
Key Developments:
- Addition of SoundCloud and Hopeless Records as partners in 2024
- Processing capabilities in over 210 countries and territories
- Three-year growth rate of 484%
- Second consecutive appearance on Deloitte's "Technology Fast 50" list
Planned Platform Enhancements:
- Advanced ID verification systems
- Comprehensive artist profiles
- Integration of royalty calculators
- Improved workflow scalability for music businesses
Recent partnerships include an October agreement with Distro Nation, which has already improved payment efficiency, enabling faster payments to artists.
Tim Nixon, Trolley's founder and CEO, emphasizes the company's commitment to supporting artists and music businesses globally by providing reliable, compliant cross-border payment solutions through their enhanced platform.
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