Trolley

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.

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

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. 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.
2. 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.
3. 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

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core 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

Named customers10 records

Segments10 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration26 records

AI capability6 records

Feature6 records

Partnerships

One partnership is on record.

• ThunescoreTechnology or Integration · 1 June 2026Trolley 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

Direct 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

• Xx.com/trolley_hq
• Facebookfacebook.com/TrolleyHQ
• LinkedInlinkedin.com/company/trolleyhq

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds6 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Trolley