PayCLT is excited to welcome the CEO and Founder of Tilled, Caleb Avery. Caleb will discuss the ever-changing world of Payment Facilitation (PayFac) – namely what it used to look like, where the market stands now and most importantly, where it’s headed.
For those who’ve never heard of a Payment Faciliatation company, pymnts.com says “a Payment Facilitator (PayFac) is a merchant service provider that simplifies the merchant account enrollment process. PayFacs operate on a sub-merchant platform where merchants no longer require their own MID, but are boarded directly under the PayFac’s master MID account.”
Caleb Avery founded a credit card processing independent sales organization and has extensive experience in the PayFac and Fintech arenas. In 2019, he founded Tilled’s PayFac-as-a-Service model to empower B2B software companies to monetize the payments flowing through their platform, alongside an instant customer onboarding experience, and raised a $2M seed round in 2020 followed by an $11M Series A in May 2021.