Tilia raises $22M to handle payments for digital economies
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Digital economy and metaverse payments firm Tilia has raised $22 million to power payments for digital economies in games and, perhaps one day, the metaverse.
The company, which is owned by Linden Research, also appointed Brad Oberwager, previously executive chairman, as CEO and Catherine Porter as the company’s first chief business officer. The founding comes from Seoul, South Korea-based fintech leader Dunamu, which is joining existing investor J.P. Morgan Payments.
Tilia got its start at Linden Lab’s Second Life, where it fueled transactions for the virtual world. Now it has ambitions to be the payment platform for the metaverse.
The investment will help Tilia to further scale its platform and address the growing market need for trusted, dynamic payments in online games, creator platforms, social commerce and other digital social worlds.
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Oberwager is a seasoned entrepreneur with a successful track record founding and leading multiple technology and consumer-focused companies, including More.com (acquired by HealthCentral in 2000), Blue Tiger Network (acquired by CarParts Technologies in 2003) and Bare Snacks (acquired by PepsiCo in 2018).
Over the past two years, Oberwager has served as executive chair at Tilia, and in his expanded role as CEO, he will leverage his knowledge of Tilia’s business alongside his decades of company-building experience to guide the company through its next phase of growth.
In addition to his role at
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