Touch2Pay, a Brisbane-based innovator in the payments industry, is proud to announce the successful closure of its pre-Series A2 funding round, securing $3.2 million from a mix of existing and new investors. This latest round brings the total capital raised by the company to $6.3 million, underscoring strong investor confidence in its business model and future growth prospects.
Founded in 2020 by visionary entrepreneurs Stanley Hancock and Alyson Joyce, along with Singapore-based seed founders JM Parc and Australian fashion retailer Rob Cromb, Touch2Pay has swiftly emerged as a leading provider of payments-as-a-service. The company’s versatile Payments-Switch and terminal aggregation model stand to evolve the Australian payments landscape, offering state-of-the-art terminal solutions and softPOS technology in partnership with PHOS Ingenico for both Android and iOS platforms.
“The closure of this funding round is a significant milestone for Touch2Pay,” said Stanley Hancock, CEO of Touch2Pay. “It not only validates our vision but also empowers us to continue our journey in transforming the payments landscape. Our commitment to innovation and customer-centric solutions has been instrumental in driving our growth, and we are excited about the new opportunities this capital injection will unlock.”
The fresh capital will be utilised to accelerate product development, expand the company’s market reach, and enhance customer support capabilities. Touch2Pay’s unique, bank-agnostic approach focuses on delivering customisability and customer experience to merchants.
“We are grateful for the continued support from our investors,” added Stanley Hancock. “Their belief in our mission and strategy is invaluable as we work towards redefining the payments industry with cutting-edge technology and service excellence.”
Touch2Pay’s successful funding round is a testament to its growing influence in the fintech sector and its potential to redefine the future of payments.