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HomeFinTechTipalti: Acquires Approve.com

Tipalti: Acquires Approve.com

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  • Tipalti, a San Mateo, CA-based global payables automation platform, acquired Approve.com, a cloud procurement solutions provider
  • The amount of the deal, expected to close in early Q2 2021, not disclosed
  • The deal will also enable Tipalti to expand its portfolio of financial operations offerings
  • Together, the two companies will offer finance leaders advanced solutions to streamline manual processes and automate the entire Accounts Payable cycle from procurement through to payment
  • Approve.com provides a cloud-based procurement solution that enables businesses to deploy a proper purchase order process
  • The platform streamlines requisitions, approvals, real-time budgets, and vendor onboarding, while delivering real-time spend controls and insights

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