What is Trolley?
Trolley operates as a next-generation payouts platform designed to streamline and automate the complex processes involved in compensating global on-demand workers. This includes freelancers, hosts, influencers, and drivers. The platform offers a comprehensive suite of services, automating recipient onboarding, tax form collection and reporting (W-9/W-8 and 1099/1042-S), bank account validation, foreign exchange management, and payment delivery. By providing a plug-and-play solution, Trolley enables businesses to efficiently manage their payout operations, reducing administrative burdens and enhancing compliance.
How much funding has Trolley raised?
Trolley has raised a total of $29.6M across 3 funding rounds:
Angel/Seed
$1.1M
Series A
$5.5M
Series B
$23M
Angel/Seed (2017): $1.1M, investors not publicly disclosed
Series A (2021): $5.5M, investors not publicly disclosed
Series B (2024): $23M supported by Pace Capital Advisors and Wavecrest Growth Partners
Key Investors in Trolley
Pace Capital Advisors
Pace Capital Advisors is an M&A advisory firm focused on privately held businesses, likely bringing strategic guidance and transaction expertise to Trolley's growth phase.
Wavecrest Growth Partners
Wavecrest Growth Partners is a growth equity firm specializing in B2B software and technology-enabled services, indicating a focus on scaling Trolley's technology and market penetration.
What's next for Trolley?
With the recent major strategic investment, Trolley is poised for accelerated expansion and further development of its innovative payouts platform. The substantial capital will likely be directed towards enhancing its technological infrastructure, expanding its global reach, and deepening its service offerings to cater to an increasingly dynamic gig economy. This enterprise-level funding suggests a strategic focus on scaling operations, acquiring new customers, and solidifying its competitive advantage in the fintech landscape. Trolley's ability to automate complex payout processes positions it as a key enabler for businesses reliant on contingent workforces.
See full Trolley company page
