Tipalti

Tipalti is an accounting software financial technology business that provides consolidated accounts payable and remittance automation services for businesses needing to pay their global suppliers.

Tipalti is the only end-to-end accounts payable software to automate the entire supplier payments operation, making global mass B2B payments frictionless & efficient.

Tipalti was founded in Israel in 2010 by Chen Amit and Oren Zeev. The company is headquartered in San Mateo, California and Herzliya, Israel, with offices in London, Texas, and Toronto, Ontario.

 

Tipalti’s cloud-based platform automates the entire accounts payable process,everything from onboarding and managing global suppliers, instituting procurement controls, streamlining invoice processing and approvals, executing payments around the world and reconciling payables data across a multi-subsidiary finance organization.

 

Tipalti also launched “enhanced capabilities,” including the acquisition and integration of cloud procurement solutions provider Approve.com, enhanced multi-entity AP capabilities, virtual cards, mobile and added new integrations with complementary financial tech stack providers such as expense management companies.

 

Tipalti currently processes more than $43 billion in total annual payments volume. The company currently serves over 3,000 customers across over 196 countries. Some of its customers, include Amazon, Twitch, GoDaddy, Roku, Roblox, WordPress.com, ZipRecruiter, and Duolingo.

 

Tipalti is backed by Durable Capital Partners, G Squared, JPMorgan Chase Bank, Greenoaks Capital, Zeev Ventures, Wicklow Capital, 01 Advisors, Greenspring Associates, Marshall Wace, Hercules Capital, Counterpoint Global, and others. The company raised $150M in a growth financing on May 15, 2023. This brings Tipalti's total funding to $699M to date. Tipalti was valued at a $8.3B in a $270M Series F round in Dec 2021. 

 

 

  • Year founded: 2010
  • Funding Info: $699M over 8 Rounds (Latest Funding Type: Private Equity)
  • Yearly Revenue: NA
  • Employee Size: 1,001-5,000
  • Business Valuation: Valued at $8.3B as of Dec 08, 2021
  • City/Town: San Mateo
  • State: California
  • Country: United States
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