Sunday, December 15, 2024

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

  • 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

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