Tipalti Secures $150 Million In Growth Financing From Jpmorgan Chase Bank And Hercules Capital
05/15/23, 3:02 PM
Location
Money raised
$150 million
Industry
payments
financial services
professional services
software
Investors
Hercules Capital, Inc., Jp Morgan Chase Bank
Tipalti, the leading global payables automation platform, announced today it has raised $150 million in incremental growth financing from JPMorgan Chase Bank and Hercules Capital, Inc. (NYSE: HTGC). Coming on the heels of a $270 million Series F in 2021 that brought the company's total funding to over $550 million, this latest raise will enable Tipalti to further invest in product innovation and supporting its customers.
Company Info
Location
san mateo, california, united states
Additional Info
Tipalti comes from the Hebrew expression for "We handled it." Tipalti is the only company handling both Accounts Payable and Mass Pay workflows for high-velocity companies across the entire financial operations cycle: 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 enables high-growth companies to scale quickly by making payables strategic with operational, compliance, and financial controls. Companies can efficiently and securely pay thousands of partners and vendors in 196 countries within minutes. 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%, while strengthening financial controls and spend visibility. For more information, visit tipalti.com.