Merchant acquiring business Pollinate has partnered with Canadian bank CIBC to empower SMEs.
In Brief:
“Tyl by CIBC”, developed by Pollinate, is a cloud-based system for merchants to manage and grow their business.
It's aimed at small and medium-sized businesses (SMBs).
Tyl can be easily integrated into CIBC’s business banking services.
What does this mean?
Tyl connects banks and merchants to enable safe and secure payments, providing easy to use point-of-sale technology as well as loyalty programmes.
CIBC will make a strategic investment in Pollinate, joining existing investors Insight Partners, NatWest, National Australia Bank, Mastercard, Fiserv, and EFM Asset Management.
Alastair Lukies CBE, Founder and CEO of Pollinate:
“Banks are in a unique position to be able to connect directly with both merchants and consumers, and we are honoured to be the partner of choice for CIBC in bringing the Tyl platform to Canada.
“We’ve seen first-hand the positive response from business owners to our platform in a number of countries around the world, and we’re excited that Canadian business owners will soon have the tools and insights to help their businesses thrive.”
