Business Overview
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.
Employee Count
0.1%
-0.5%
Employee counts updated on a monthly basis.
News
| ㅤTitle | Date | |
|---|---|---|
| ㅤFintech unicorn Tipalti raises $150 million in credit from JPMorgan and Hercules Capital | May 15, 2023 |
Stock Chart
Board and Advisors (0)
Funding Rounds (7)
M&A Events (1)
| Title | Date Announced | Amount ($) | |
|---|---|---|---|
 | ㅤTipalti Startup Acquisition | April 2021 | 40,000,000 |
Investors (12)
| ㅤInvestor Name | Investor Type | AUM ($) | |
|---|---|---|---|
 | ㅤ01 Advisors | Venture Capital | $134.7M |
 | ㅤCounterpoint Global | Investment Firm | |
 | ㅤDurable Capital Partners | Venture Capital | $6B |
 | ㅤG Squared | Venture Capital | |
 | ㅤGreenoaks | Venture Capital | $600M |
 | ㅤGreenspring Associates | Venture Capital | $11B |
 | ㅤGroup11 | Venture Capital | $543.4M |
 | ㅤHercules Capital | Investment Firm | |
 | ㅤJPMorgan | Company | |
 | ㅤMarshall Wace | Investment Firm | |
| ㅤWicklow Capital | Family Office | |
 | ㅤZeev Ventures | Venture Capital | $1.65B |
Patents (0)
Research Publications (0)
Certifications (0)
AI Technology Stack
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.
Jobs (0)
