Trolley Raises $23M Series B to Revolutionize Global Music Royalty Payments
Canadian fintech Trolley has secured $23 million in Series B funding led by Wavecrest Growth Partners, with participation from existing investor Pace Capital.
Six trolley board employees standing together
The company plans to use the funding to enhance its music industry payment solutions through:
- Advanced ID verification systems
- Comprehensive artist profiles
- Integration of royalty calculators
- Improved workflow scalability for music businesses
Trolley currently processes payments to over 210 countries and territories, serving both the music industry and content creation space. The company has demonstrated significant growth with a 484% three-year growth rate, earning a spot on Deloitte's "Technology Fast 50" list for the second consecutive year.
Recent partnerships include:
- SoundCloud
- Hopeless Records
- Distro Nation (enabling weekly artist payments)
CEO Tim Nixon emphasized the company's commitment to supporting artists and music businesses globally, focusing on providing reliable, compliant access to global markets through seamless cross-border payment solutions.
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