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 2010 in Israel, by Chen Amit and Oren Zeev, and launched its product in 2011. The company is headquartered in San Mateo, California, with R&D offices in Herzliya, Israel.
Tipalti makes it painless for accounts payable departments to manage their entire supplier payments operation. The solution addresses everything from supplier onboarding and vetting, to tax and regulatory compliance, invoice processing, payments to suppliers anywhere in the world in a wide range of payment methods and currencies, supplier payment status communications, to closing the loop with payment reconciliation and reporting.
Tipalti works with hundreds of companies to transform their supplier payment operations including Roku, Zumba, Twitter, GoDaddy, Zola, Twitch, GoPro, Foursquare, and Vimeo. Tipalti eliminates up to 80% of their supplier payments workload, helping them scale their business efficiently with global growth, while strengthening financial and tax compliance controls.
Tipalti's investors include Zeev Ventures, Durable Capital Partners, Greenoaks Capital, Wicklow Capital, Group 11 (f.k.a. SGVC), Dovi Frances, 01 Advisors and Greenspring Associates among others. The company raised $150M in Series E round on Oct 06, 2020. This brings Tipalti's total funding to $279M to date. The latest round values Tipalti at over $2B post-money.
Tipalti has received many awards and accolades, such as: In August 2018, the company was recognized as a member of the Inc 5000 list of America's fastest growing companies. In November 2018, Tipalti was recognized as a member of the Deloitte Fast 500 list of America's fastest growing companies. In April 2019, the company was recognized as a Bay Area Best Places to Work by the SF Business Times, ranking 22nd on the list. It was the third year running that Tipalti made the list.