Trolley
Trolley is a payouts and recipient operations platform that helps internet economy businesses onboard, verify, and pay freelancers, creators, and contractors across 210+ countries, with integrated KYC/KYB, multi-jurisdiction tax compliance, and ERP synchronization.
- Company typePrivate
- Founded2015
- HeadquartersToronto, Canada
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Trolley does
Trolley is a Toronto/Montreal-headquartered payouts and recipient operations platform purpose-built for the internet economy. The company's software enables platforms, marketplaces, creator economy businesses, and internal finance teams to onboard, verify, and pay freelancers, contractors, gig workers, creators, and rights holders across 210+ countries and 135+ currencies. Its product surface is organized around four core modules — Trolley Pay (global payout automation across bank transfer, digital wallet, debit card, and paper check rails), Trolley Tax (automated multi-jurisdiction tax compliance including IRS W-8/W-9/1099/1042-S workflows and OECD/DAC7 digital platform reporting across 30+ jurisdictions), Trolley Trust (KYC/KYB identity and business verification with risk scoring, watchlist screening, and a music-industry-specific Know Your Artist module), and Trolley Sync (two-way ERP integration with QuickBooks Online, Xero, Oracle NetSuite, and Microsoft Dynamics 365). Developer-facing infrastructure — a REST API, open-source SDKs in six languages, a modular embeddable widget, webhooks, a free sandbox, and a Postman collection — enables both direct integration and embedded/white-label payouts-as-a-service.
Trolley operates three revenue streams: per-transaction fees on payouts (with customers reporting 50% lower annual fees than alternatives), a Trolley Plus enterprise subscription tier bundling multi-jurisdiction tax compliance, real-time ERP sync, higher API rate limits, and a dedicated Customer Success Manager, and a marketplace/embedded commission model where platforms earn on sub-merchant payouts routed through Trolley. Go-to-market is hybrid: enterprise field sales for large platforms (with named reference customers including SoundCloud, Canva, Epic Games, Royalty Exchange, Bugcrowd, Soundrop, Pixsy, and Multilingual Connections) plus a developer-led self-serve motion through sandbox onboarding and Zapier's 1,500-app ecosystem. Operational footprint is anchored by Trolley Technologies Inc. in Canada and Trolley US Inc. (NMLS ID 2309944, a licensed money transmitter with deposits held at Cross River Bank, FDIC-member) for US-regulated payment activity.
The company is privately held and venture-backed, having raised approximately $32 million cumulatively through a November 2024 $22.87M Series A led by Wavecrest Growth Partners with Pace Capital participation, alongside earlier rounds from GreenSky Ventures and Cliffbrake. Leadership includes founder and CEO Tim Nixon, Chief Compliance Officer Andreas Farina Vaz, VP Product Barnett Klane, and VP Marketing Vincent Guérin. Recent strategic actions include the June 2026 Thunes Direct Global Network partnership (extending reach to 12 billion+ wallets and bank accounts in 140 countries) and the 2025 and 2026 'Raising the Bar' product releases, which added FDIC-insured accounts, debit card and mobile wallet payouts, multi-merchant embedded APIs, and expanded OECD reporting. The company is SOC 2 Type II certified and GDPR/CCPA compliant.
Trolley firmographics
Firmographics- Name
- Trolley
- Legal name
- Trolley Technologies Inc.
- Website
- https://trolley.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Trolley is a payouts and recipient operations platform that helps internet economy businesses onboard, verify, and pay freelancers, creators, and contractors across 210+ countries, with integrated KYC/KYB, multi-jurisdiction tax compliance, and ERP synchronization.
- Ownership category
- akta.pro rank
Where Trolley is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Trolley business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Transaction/Usage-based Fees: Trolley charges fees per transaction processed. The platform enables businesses to pay recipients globally with fees varying by payment method, currency, and destination. Customers report achieving 50% lower annual fees compared to alternatives.
- Platform Subscription: Trolley Plus tier for enterprise-level payouts includes multi-jurisdiction tax compliance, real-time ERP sync, advanced cost control features, higher API rate limits, native NetSuite integration, and dedicated Customer Success Manager.
- Payouts-as-a-Service: Platforms can embed Trolley's infrastructure and earn per-transaction fees on every payout processed through Trolley, creating SaaS revenue by bundling payouts into core offerings.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard Platform |
| Subscription | Annual | Trolley Plus (Enterprise) |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels8 records
Trolley product offering
Product offeringCore offering
Trolley is a payout and recipient operations platform that enables businesses to onboard, verify, and pay freelancers, creators, gig workers, and rights holders worldwide. Its core offering combines global payment execution across 210+ countries and 135+ currencies with built-in KYC/KYB identity verification, multi-jurisdiction tax compliance (IRS, DAC7, OECD), and two-way ERP synchronization, delivered via REST APIs, SDKs, embeddable widgets, and white-label deployment.
Product overview
Trolley is a comprehensive payouts platform for the internet economy, built as a platform-plus-modules architecture centered on four core products: Trolley Pay (global payout automation), Trolley Tax (automated tax compliance), Trolley Trust (identity/verification and fraud prevention), and Trolley Sync (ERP synchronization). Developer-facing offerings include a REST API, open-source SDKs in six languages (JavaScript, Ruby, PHP, Python, Java, C#), a modular iframe widget, and webhook support. The platform extends through specialized compliance modules for DSA, INFORM Act, DAC7, and IRS requirements, plus industry-specific solutions like Know Your Artist for music royalties. Trolley Plus provides enterprise-tier features including dedicated support and higher API limits. Global coverage spans 210+ countries and territories in 135+ currencies.
Differentiator
Problem solved
Functional benefit
Products and services
- Trolley Pay Global payout automation platform enabling businesses to send payments to recipients worldwide through bank transfers, digital wallets, debit cards, and paper checks, covering 210+ countries and territories in 135+ currencies with local payment routes. Designed for finance, AP, and operations teams at internet-economy platforms.
- Trolley Tax Automated tax compliance solution covering IRS forms (W-9, W-8, 1099, 1042-S) for US-sourced payouts and DAC7/OECD digital platform reporting for EU, UK, Australia, and New Zealand, handling withholding calculations, year-end filing, and e-filing. Built for platforms paying international recipients.
- Trolley Trust Identity and business verification platform (KYC/KYB) enabling recipient verification through government ID validation, live photo matching, phone verification, and business document authentication, including fraud detection, risk scoring, and watchlist screening (OFAC, EU, OSFI, HMT). Used by risk, compliance, and trust & safety teams.
- Trolley Sync
Quantifiable outcome
- 90% reduction in payout time with automation
- +6 more outcomes
Companies that use Trolley
Customer profileNamed customers10 records
Segments10 records
Ideal customer profiles3 records
Trolley technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration26 records
AI capability6 records
Feature6 records
Trolley partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- ThunescoreTrolley selected Thunes' Direct Global Network to power international payout capabilities. The integration enables instant, compliant payouts to over 12 billion mobile wallets and bank accounts across 140 countries in 90 currencies. This partnership addresses the 'last-mile' payment delivery challenge for freelancers and creators.
Scale indicators9 records
Recent moves7 records
Expansion highlights5 records
Trolley competitors and assessment
Company assessmentDirect peers
- Tipalti: Direct competitor offering mass global payouts, contractor onboarding, tax compliance (1099/1042-S), and ERP integrations for platforms and marketplaces. Highly comparable on core functionality and target buyer (finance/AP teams).
- Veem: Global business payments network serving small businesses and platforms with cross-border payouts. Overlaps with Trolley on freelancer/supplier payments and multi-currency disbursement.
- Hyperwallet (PayPal): PayPal-owned mass payout platform serving marketplaces and gig economy platforms with global recipient disbursements. Closely comparable on payout-as-a-service and compliance workflows.
- Mangopay: European payment provider specialized in marketplace and platform payouts with built-in KYC, seller verification, and multi-currency disbursement. Directly competes for marketplace and creator economy customers.
- Payoneer: Global payout platform widely used by freelancers, marketplaces, and creator platforms to send cross-border payments. Directly overlaps with Trolley's freelancer and marketplace use cases.
Broad incumbents
- Wise Business: Cross-border payment specialist offering multi-currency accounts and mass payouts for businesses. Comparable on cross-border disbursement, though less focused on the platform/creator compliance niche.
- Stripe Connect: Stripe's embedded payments product for platforms, enabling multi-party payouts, KYC, and tax forms. A larger incumbent offering overlapping capabilities within a much broader payments stack.
- Adyen for Platforms: Global payments platform offering embedded payouts and onboarding for marketplaces. A larger incumbent with broad payment capabilities rather than a payout-specialist focus.
- PayPal Mass Payments: PayPal's legacy and modern batch payout products used widely by platforms for creator and contractor payments. A larger incumbent competing for the same end use case.
Emerging players
- dLocal: Cross-border payment processor specializing in emerging markets with local payment rails. Comparable on the global disbursement infrastructure that Trolley relies on (and competes with Thunes).
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
Trolley social profiles
Digital presenceTrolley compliance and trust
Trust signalCompliance3 records
Trolley financial estimates
Financial estimateRevenue estimate
Valuation estimate
Trolley leadership team
Management profileNumber of profiles
Profiles4 records
Trolley funding detail
Funding detailFunding overview
Funding rounds6 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Trolley M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Trolley
What does Trolley do?
Trolley is a payout and recipient operations platform that enables businesses to onboard, verify, and pay freelancers, creators, gig workers, and rights holders worldwide. Its core offering combines global payment execution across 210+ countries and 135+ currencies with built-in KYC/KYB identity verification, multi-jurisdiction tax compliance (IRS, DAC7, OECD), and two-way ERP synchronization, delivered via REST APIs, SDKs, embeddable widgets, and white-label deployment.
Is Trolley a public or private company?
Trolley is a private company. It is classified as venture growth investor backed and is currently operating.
When was Trolley founded?
Trolley was founded in 2015. It employs 101 to 250 people.
Where is Trolley based?
Trolley is headquartered in Toronto, Canada, in the North America region.
How does Trolley make money?
Three revenue lines are on record. Transaction/Usage-based Fees are the primary driver. The others are platform Subscription and payouts-as-a-Service.
Who are Trolley's main competitors?
Direct peers on record are Tipalti, Veem, Hyperwallet (PayPal), Mangopay and Payoneer. Broad incumbents are Wise Business, Stripe Connect, Adyen for Platforms and PayPal Mass Payments. dLocal is listed as an emerging player.
Does Trolley have an API?
Yes. REST-based APIs for global payouts system covering payee onboarding, identity verification, tax form collection and validation, payment processing, currency conversion, and reporting. Features include detailed documentation, extensive scalability, webhook support for real-time event notifications, and a modular widget for embedding recipient onboarding. The platform offers a forever-free sandbox environment for testing and development. Developer documentation is at developers.trolley.com/api.