Till Payments co-founder Shadi Haddad will be replaced as the company’s chief executive officer, only days after the group banked a $70 million capital injection.
saying the board wanted the management team to focus on operational matters.
“I think our investors saw that we’re at this inflection point where the huge investment in technology platform itself and onboarding customers is nearly complete,” he said of the raising. “And I think everyone got pretty excited by that.” Till Payments provides a payments platform and terminals across online and bricks and mortar channels.
The group raised at about a $500 million valuation in 2021, however the recent round was understood to have put a substantially lower price target on the group. co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.
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