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B2B Fintech Unicorn Tipalti Raises $270 Million At A Valuation Of $8.3 Billion

Dec 08, 2021•almost 4 years ago

Amount Raised

$270 Million

Foster CityFintechPaymentsProfessional ServicesSoftware

Description

Tipalti, the leading global payables solution, today announced it has raised $270 million in series F funding at a valuation of $8.3 billion, bringing total funding raised to date to just over $550 million and placing Tipalti among the most valuable private fintech companies in the world. Tipalti will 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.

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

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech