Digital economy paytech Tilia lands $22m, makes executive hires
Payments platform Tilia has raised $22 million in strategic funding from Seoul-based fintech Dunamu and JP Morgan Payments.
Digital economy paytech Tilia lands $22m, makes executive hires
The San Francisco-based firm has also appointed Brad Oberwager as CEO and Catherine Porter as chief business officer, a newly created role. Current CEO Aston Waldman will move into the role of chief financial officer (CFO). Waldman spent around four and a half years as Tilia’s chief exec.
Oberwager is a “seasoned entrepreneur” with experience founding and leading tech firms, Tilia says. For the past two years, he has served as Tilia’s executive chair.
Prior to Tilia, chief business officer Porter led global partnerships and fintech innovation at Meta, including building the Diem ecosystem in partnership with other Diem members, as well as building out the traditional payments ecosystem for all Meta products. She also worked at OpenTable, LinkedIn, Google and Oracle.
Amid the $22 million funding injection and growing demand for Tilia’s payments engine, Porter says she has “seen first-hand how difficult it is to build payments networks, even at the biggest global tech companies”.
Despite this, she is optimistic, adding: “We have only scratched the surface of what’s possible.”
Launched in 2019, Tilia describes itself as “the all-in-one payment platform for digital economies”.
Its payments engine allows creators in the digital economy, such as virtual world publishers, mobile applications and NFT providers, to unlock new forms of monetisation, including microtransactions, branded tokens, and secure pseudonymous transactions.
