Company Research Report: Trolley

Company Overview

• Name: Trolley

• Mission of the company: To build the payouts platform for the internet economy and enable businesses to reach workers globally, offering creators, on-demand workers, and suppliers the ability to bring their talents to a worldwide market.

• Founded: As Payment Rails in 2015

• Founder: No information is available

• Key People:

• Christopher Paik: Board Member & Investor, General Partner at Pace Capital

• Scott Thompson: Advisor & Investor, CEO of Tuition.io

• Andrew Redd: Board Member & Investor, Managing Director at Nomura EMEA

• Headquarters: Toronto, Canada

• Number of employees: No information is available

• Revenue: No information is available

• Known for: Providing a modern payouts platform designed for the internet economy, enabling businesses to send payments worldwide efficiently and compliantly.

Products

Payout Platform

• Description: Trolley offers an end-to-end cloud-based payouts platform that enables businesses to send payments globally in any currency through its API, simplifying the complexities associated with payments.

• Key Features:

• Global Payouts: Supports payments to 210+ countries and territories using 135+ currencies.

• Compliance and Automation: Automate compliance with IRS and DAC7 requirements along with complete tax process management.

• Recipient Onboarding: Offers a white-label solution for onboarding, identity verification, and KYC compliance.

• Integration: Built-in integrations for ERP systems like NetSuite, APIs, SDKs, and more.

• Security: Bank-level security and encryption with 256-bit encryption, SOC 2® Type II compliance.

Recent Developments

New Product Launches

• Royalty Calculator Integrations (August 2024): Trolley introduced integrations with royalty calculators like Curve and Music Maestro, allowing users to import royalty data directly, enhancing efficiency and reducing errors.

New Features

• Strengthened Trust & Security (July 2024): Launched enhancements including business verification, phone verification, and support for DSA/INFORM compliance.

• Verification API (July 2024): Introduced to ease integration of identity, business, and phone verification into user systems.

• Modular Widget (July 2024): Offers flexibility by allowing users to choose and implement modules as needed in their workflows.

Partnerships

• Tickeri Partnership (June 2024): Trolley partnered with Tickeri to streamline promoter payouts and support international expansion.

Recognition

• Deloitte Fast 50 & 500 (November 2023): Ranked as one of Deloitte’s Fast 50 and Fast 500, highlighting its rapid revenue growth and innovation in the fintech space.

This report reflects the current data available up until October 2023.