Local fintech Till Payments has acquired the payment processing arm of US hospitality tech platform Ziosk in a deal that sees Till expanding further into the US market.
The Zisk Integrated Payment Services, or ZIPS, business unit will be integrated into Till under the agreement, growing the company’s US staff to 35.
Till CEO Shadi Haddad said the deal would help his business deliver needed digital services to hospitality businesses.
“The pandemic has completely overhauled the sector and there is now a critical need for payments and technology solutions that can address the operational and staffing issues facing the industry today,” Haddad said.
“Coupled with the smart, disruptive, customer experience enhancing technology of Ziosk, Till’s solution will tackle those challenges head on and we’re confident that we’ll be able to provide the urgent support that the industry needs.”
Till raised a total $125 million last year through a massive Series C funding round that was topped up with the help of After-backed VC firm Touch Ventures.
Its efforts to expand internationally are starting to bear fruit with the ZIPS acquisition which includes the change in role for 17-year payments veteran Kevin Brown who will become Till North America’s Head of Strategy.
Regional Director of Till North America, Tom Tucker, said he was “thrilled” to welcome Kevin and the ZIPS team into his department.
“Our commitment to developing a fairer, simpler, feature-rich payments solution complements the ethos of ZIPS,” he said.
“Together, we have no doubt that we’ll be making a huge impact on the profitability, sustainability and global market expansion efforts of our [independent software vendor] partners as we continue to innovate within the broader payments landscape.”
Till was founded in 2012 and has 226 staff spread across offices in London, Manilla, the US, and its headquarters in Australia.
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