What is Trolley?
Trolley operates as a next-generation payouts platform designed to facilitate seamless financial operations for businesses engaging global on-demand workforces, including freelancers, influencers, and service providers. The platform serves as an all-in-one solution that automates critical administrative burdens such as recipient onboarding, tax compliance through W-9/W-8 and 1099/1042-S form collection, bank account validation, and foreign exchange management. By integrating these disparate processes into a single, plug-and-play interface, Trolley effectively mitigates the operational friction typically associated with international payment delivery. Its market position is defined by its ability to scale alongside high-growth platforms, ensuring that companies can focus on their core business objectives while Trolley manages the complexities of global regulatory and financial 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 Wavecrest Growth Partners and Pace Capital Advisors
Key Investors in Trolley
Wavecrest Growth Partners
Wavecrest Growth Partners is a growth equity firm that specializes in investing in and collaborating with prominent B2B software and technology-enabled services companies.
Pace Capital Advisors
Pace Capital Advisors specializes in Mergers and Acquisitions Advisory services for owners of privately held businesses, leveraging extensive executive and deal-making experience.
Undisclosed Investor
Undisclosed investor participating in the funding round.
What's next for Trolley?
With this major enterprise-level funding, Trolley is well-positioned to accelerate its product roadmap and expand its footprint in the global fintech market. The strategic capital will likely be deployed to enhance the platform's automation capabilities, deepen its tax compliance integrations, and potentially explore new geographic markets where the demand for efficient, compliant payout infrastructure is surging. As the gig economy continues to evolve, Trolley's focus on reducing the overhead of international disbursements will remain a key competitive advantage. Investors are betting on the company's ability to become the standard-bearer for payout automation, leveraging its current momentum to capture a larger share of the B2B software and technology-enabled services market.
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