Tipalti Raises $150 Million in Growth Financing

Tipalti is the leading global payables automation platform that streamlines the entire process, from invoice receipt to payment disbursement. The company offers businesses a wide range of benefits, including reduced manual processes, improved tax compliance, advanced payment capabilities, and real-time visibility. Thousands of companies, such as Amazon Twitch, GoDaddy, Roku, WordPress.com, and ZipRecruiter use Tipalti to reduce operational workload by 80% and accelerate the financial close by 25%, according to the company. In 2020, Tipalti joined the unicorn club.

Tipalti has raised $150 million in credit financing from JPMorgan Chase Bank and Hercules Capital. Tipalti was valued at $8.3 billion in 2021 after raising $270 million in a Series F funding round. In total, Tipalti has raised $715 million till that moment.

Tipalti, California, United States, was founded in 2010 by Chen Amit and Oren Zeev. As of now, Tipalti has about 3,000 mid-market customers in more than 196 countries. “We still have 60% of the money we raised in 2021, but we received excellent conditions to raise money and this opens up a lot of possibilities for acquisitions,” said Tipalti CEO and co-founder Chen Amit.

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