Tipalti: Raises $150 Million at a Valuation of More than $2 Billion

October 7, 2020

555

Tipalti: Raises $150 Million at a Valuation of More than $2 Billion

Must read

Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

Tipalti does just this by providing one comprehensive, global payables automation solution that automates all manual supplier payment processes
Announced it raised $150 million at a valuation of more than $2 billion bringing total funding raised to date to around $280M
Tipalti will use this additional funding to double-down on its product roadmap, accelerate its growth path
Growth will be fueled by increasing developer, product management, customer operations, sales, and business development headcount
Manual AP processes not only waste time but also slow down financial reporting while increasing risk of fraud, tax, regulatory
Manual financial operations hold finance teams back by consuming resources