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B2B Fintech Tipalti Raises $150 Million at a Valuation of More Than $2 Billion to Accelerate Its Mission to Elevate the Finance Function

Oct 06, 2020about 5 years ago

Amount Raised

$150 Million

Foster CityFintechPaymentsProfessional ServicesSoftware

Description

Tipalti, the leading global payables automation solution, today announced it raised $150 million at a valuation of more than $2 billion, bringing total funding raised to date to around $280 million for the B2B fintech company.

Company Information

Company

Tipalti

Location

Foster City, California, United States

About

Tipalti is the AI-powered platform for finance automation, elevating how finance teams operate in the global economy. We empower our customers to scale faster and smarter by removing the complexities of doing global business and accelerating their finance operations efficiency. Our platform provides a comprehensive suite of finance automation solutions designed for mid-market businesses across accounts payable, global payouts, procurement, employee expenses, corporate cards, supplier management, tax compliance, and treasury. Tipalti partners with leading financial institutions such as Citi, Wells Fargo, J.P. Morgan, and Visa, enabling over 5,000 global companies to efficiently and securely pay millions of suppliers and payees across 200+ countries and territories, in 120 currencies.

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Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech