Tipalti is the only company handling both Accounts Payable and Mass Pay workflows for high-velocity companies across the entire financial operations cycle.
<p><strong><span class="xn-location">SAN MATEO</span></strong> &#8212; Tipalti, which offers a global payment platform for businesses, has raised <span class="xn-money">$270 million</span> in series F funding at a valuation of <span class="xn-money">$8.3 billion</span>, bringing total funding raised to date to just over <span class="xn-money">$550 million</span> and placing Tipalti among the most valuable private fintech companies in the world.</p>
<p>Tipalti plans to use the funding to accelerate its product roadmap and customer operations, as well as expand globally to transform global financial operations for high-velocity customers.</p>
<p>Led by G Squared, the Series F round includes investments from new investors <span class="xn-person">Marshall Wace</span> and funds and accounts managed by Counterpoint Global (Morgan Stanley), in addition to current investors Zeev Ventures, Durable Capital Partners, 01 Advisors and others.</p>
<p>&#8220;This latest investment will enable Tipalti to add more to our product lines and capabilities in the next 18 months than we have over the past 10 years combined,&#8221; said <span class="xn-person">Chen Amit</span>, co-founder and CEO of Tipalti. &#8220;We are on a journey to transform financial operations, relieve finance leaders from those mundane, cumbersome, risky tasks, and elevate the financial capabilities for high velocity organizations to rival those of the Fortune 5000.&#8221;</p>
<p>&#8220;We believe Tipalti is reshaping how businesses manage their financial operations, and their growth and industry-leading retention rates are evidence that they are on a mission to solve important challenges for their customers,&#8221; said <span class="xn-person">Larry Aschebrook</span>, founder and managing partner, G Squared. &#8220;The company&#8217;s differentiated solutions, combined with their strategic vision and ability to execute, position Tipalti as a true disruptor in the global payables landscape. We see a huge opportunity in the target market that is largely underserved currently and look forward to working together with Tipalti.&#8221;</p>
<p>In the U.S. alone, mid-market companies, defined as those with revenues between <span class="xn-money">$10 million</span> and <span class="xn-money">$1 billion</span>, account for <u>more than one-third of employment</u> and <u>about 40% of GDP</u>. The challenges brought about over the last two years with COVID-19 and other macro changes have also accelerated the transformation in how companies are managing financial operations.</p>
<p>A recent Tipalti survey found that 99% of CFOs said that their jobs became more complex over the past two years, and almost one-third of CFOs noted that international expansion was an area of increased responsibilities — a shift confirmed by 20% of CEOs who indicated global growth as a top priority for their CFOs. However, when CFOs are manually managing financial operations, they lack critical resources and time that could otherwise be spent on scaling and executing strategic initiatives.</p>
<p>Tipalti currently processes over <span class="xn-money">$30 billion</span> in total annual payments volume — growing 120% year over year. Last October, the company announced its Series E round — <span class="xn-money">$150 million</span> at a <span class="xn-money">$2 billion</span> valuation. This year it launched enhanced capabilities, including the <u>acquisition and integration of cloud procurement solutions provider Approve.com</u>, enhanced multi-entity AP capabilities, cards, mobile and added new integrations with complementary financial tech stack providers. Tipalti also passed the 2,000-customer mark, opened new offices in <span class="xn-location">London, U.K.</span>; <span class="xn-location">Plano, Texas</span>; and <span class="xn-location">Toronto, Ontario</span>, and has grown to over 700 employees worldwide. Tipalti ranked on both the 2021 Inc. 5000 list of fastest-growing companies in the U.S. and the Deloitte Fast 500 for the fourth consecutive year.</p>

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