Tipalti

2010

1017

0.1%

$703M

7

12

0.3 years

Tipalti is the only global payables automation solution to streamline all phases of the AP and payment management workflow in one holistic cloud platform. Tipalti makes it painless for accounts payable departments to manage their entire supplier payments operation. The solution addresses everything from supplier onboarding and vetting, to tax and regulatory compliance, invoice processing, payments to suppliers anywhere in the world in a wide range of payment methods and currencies, supplier payment status communications, to closing the loop with payment reconciliation and reporting. Innovative companies use Tipalti to eliminate up to 80% of their supplier payment workload, helping them scale their business efficiently with global growth, while strengthening financial and compliance controls and while enhancing the partner payment experience. Companies like Duolingo, Roblox, Amazon Twitch, ironSource, and over 1500 others trust Tipalti to elevate their global supplier payments operation.

0.1%

-0.5%

Employee counts updated on a monthly basis.

ㅤNameTitleContact
Oren ZeevPartner, Board Member and Board Observer1
Chen AmitCEO1

$553M

$150M

RoundDateCapital RaisedInvestors
TipaltiCredit Facility2023$150M2
TipaltiSeries F2021$270M6
TipaltiSeries E2020$150M3
TipaltiSeries D2019$76M4
TipaltiSeries C2018$30M1
TipaltiSeries B2016$14M1
TipaltiSeries B2014$13M1

TitleDate AnnouncedAmount ($)
Tipalti Startup AcquisitionApril 202140,000,000

ㅤInvestor NameInvestor TypeAUM ($)
01 AdvisorsVenture Capital$134.7M
Counterpoint GlobalInvestment Firm
Durable Capital PartnersVenture Capital$6B
G SquaredVenture Capital
GreenoaksVenture Capital$600M
Greenspring AssociatesVenture Capital$11B
Group11Venture Capital$543.4M
Hercules CapitalInvestment Firm
JPMorganCompany
Marshall WaceInvestment Firm
Wicklow CapitalFamily Office
Zeev VenturesVenture Capital$1.65B

Once an invoice is added to Tipalti, the optical character recognition (OCR) technology supporting the Touchless Invoice Data Capture capability eliminates the need for manual processing. If the invoices scanned through OCR aren’t a 100% match, an escalation layer provided by Tipalti automatically routes the invoices to a managed service that manually reviews invoices, checks fields for accuracy and populates any missing fields. Machine learning of past invoice history enables OCR match rates to improve over time. This ensures invoice data capture remains completely touchless for the AP team while also assuring processing accuracy. Tipalti can collect incoming invoices, extract the key financial details with the help of machine learning models and input the data into a company’s enterprise resource planning system. The processed invoice is then sent to the finance team for approval.

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