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. The company is headquartered in San Mateo, California and Herzliya, Israel, with offices in London, Plano, Texas, and Toronto, Ontario.
Tipalti uses artificial intelligence to help businesses manage suppliers, invoices, purchase orders, tax compliance, payments and billing and other accounting services from a single cloud platform.
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 $30 billion in total annual payments volume. The company also recently passed the 2,000 customer mark, which include Roblox, Amazon Twitch, GoDaddy, Roku, WordPress.com, ZipRecruiter, Duolingo, and ironSource.
Tipalti is backed by Zeev Ventures, Durable Capital Partners, G Squared, Greenoaks Capital, Wicklow Capital, 01 Advisors, Greenspring Associates, Marshall Wace, Counterpoint Global, and others. The company raised $270M in Series F round on Dec 08, 2021. This brings Tipalti's total funding to $549M to date. The latest round pushed the company's valuation to $8.3B, up from their previous $2B achieved after a Series E raised in Oct 2020.