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Tipalti
Tipalti
from Wikipedia

Tipalti is an American multinational financial technology company headquartered in Foster City, California,[2] with offices in Amsterdam, London, Plano,[3] Tbilisi,[4] Tel Aviv, Toronto, and Vancouver.[5] The company provides accounts payable,[6] procurement, expense management, and global payments automation software for businesses.[1]

Key Information

History

[edit]

Entrepreneurs Chen Amit and Oren Zeev raised capital from investors in their personal networks in the summer of 2010 to start Tipalti after observing popular payment processors, such as PayPal, Square, and Stripe, concentrating their efforts on collecting payments.[7][8] In contrast, Amit and Zeev focused on building a mass payments software-as-a-service platform and application programming interface (API) for companies needing to pay 100 or more parties worldwide or multiple payment options.[6]

Tipalti became a licensed money transmitter in various US states, the UK, and across the European Union to process remittances and began offering automated mass payments in September 2011.[9] The service was originally popular with ad exchanges, ad networks, affiliate networks, and publishers because of the high volume and complexity of making payments, fraud risk, and regulation in the online advertising industry.[7][10]

On April 12, 2021, Tipalti announced it acquired the cloud procurement services firm Approve.com to expand its product to "improve company-wide spend visibility and greatly strengthen their spend and financial controls," Amit said in a prepared statement announcing the acquisition.[11][12] The acquisition, the company's first, enabled Tipalti to automate the entire accounts payable cycle and support more finance operations and workflows.[12]

In September 2022, Tipalti opened an office in the Netherlands.[13] One year later, the company expanded its European operations with an Electronic Money Institution (EMI) license from De Nederlandsche Bank.[14]

In December 2024, Tipalti officially registered as a money services business with the Financial Transactions and Reports Analysis Centre of Canada, expanding operations in Canada.[15]

Tipalti brought in $182 million in revenue and processed $70 billion in payments in 2024.[16]

In June 2025, Tipalti acquired treasury company Statement to add AI-driven cash flow visibility and forecasting to its product.[17]

Products and services

[edit]

Tipalti helps mid and large-sized companies pay contractors, employees, suppliers, and vendors in different currencies and more than 190 countries by ACH bank transfer, cash through Western Union, check, direct deposit, PayPal, prepaid debit card, virtual cards,[18] and wire transfer. The mass payments platform disburses funds from the customer's bank account and not third-party transfers.[7]

Companies use Tipalti's API on their website to automate and schedule payments and finance operations natively through a white-labeled payments system.[8] The software also allows accounting and finance departments to manage compliance, enterprise resource planning, expenses, intake and procurement, invoices, payment cards, reconciliation, suppliers, and taxes.[19]

Tipalti's software uses AI and machine learning to automate data entry and other financial tasks;[20][21] it also integrates and syncs with different accounting software, including QuickBooks.[22]

Tipalti released Tipalti Expenses, an expense management and automation product, in September 2023.[23]

Since 2018, Tipalti's purchase order (PO) matching and multi-entity capability has been fully integrated with NetSuite, a global cloud enterprise resource planning provider, as part of its existing NetSuite integration.[24] Tipalti Detect, a module for preventative fraud monitoring, is embedded in Tipalti's accounts payable platform.[25] The company also offers the Tipalti Card in physical or digital form, enabling companies to create credit or debit cards for employees.[26][27]

Reception

[edit]

Tipalti has raised more than $700 million in venture-capital funding from investors including JPMorgan Chase, G Squared, Morgan Stanley’s Counterpoint Global investment team, and others since its founding to support its operations.[1][28]

References

[edit]
Revisions and contributorsEdit on WikipediaRead on Wikipedia
from Grokipedia
Tipalti is an American company specializing in (AP) and global mass payments, offering an AI-powered platform that streamlines payables, , , and supplier onboarding for businesses worldwide. Founded in 2010 by Chen Amit and Oren Zeev, Tipalti is headquartered in , with additional offices across , , and , enabling it to support payments in over 200 countries and 120 currencies. The company was established to address inefficiencies in traditional payment processes, particularly for digital businesses like ad networks and marketplaces, by automating manual tasks such as , tax compliance, and regulatory reporting. As of , Tipalti processes over $75 billion in annualized payment volume, serves more than 5,000 global customers, and has achieved $200 million in annual recurring revenue with 30% year-over-year growth in both customer base and payment volume. It maintains a 99% rate and has been recognized on the Fintech 50 list for in the Future of Payments category, highlighting its innovations like the Tipalti AI Assistant and agentic AI features for teams. In September , Tipalti raised $200 million in growth financing from Hercules Capital to accelerate AI development and expand its platform, which has cumulatively raised over $700 million in funding.

History

Founding

Tipalti was founded on September 1, 2010, in by Chen Amit and Oren Zeev. Amit, who serves as the company's CEO, brought extensive experience in technology entrepreneurship, having previously led Atrica as CEO—a firm acquired by Nokia-Siemens—co-founded and served as CEO of Verix, a provider, and established the ADSL business unit at , growing it to $100 million in annual sales. Zeev, the company's chairman, contributed his expertise as a technology investor and founder of Zeev Ventures. The company later established its U.S. headquarters in , to support expansion into the American market. The founding of Tipalti was driven by the recognition of significant inefficiencies in manual processes, particularly for digital businesses like ad networks that struggled with paying publishers and suppliers. Inspired by complaints about the time-consuming nature of these tasks and the absence of comprehensive solutions, noted the obvious need for , stating, “Since it appeared to be such an obvious need, I had trouble believing that there was not already a solution on the market.” This motivation stemmed from outdated payment systems that hindered scalability for growing enterprises reliant on global supplier networks. From its inception, Tipalti focused on developing a cloud-based payables automation platform to streamline supplier , compliance, validation, and , aiming to eliminate manual workflows and reduce errors in supplier payments. Early challenges included the inherent complexity of the finance and payments industry, which described as a barrier that might have deterred founders with deeper sector experience, saying, “Had I come from the industry… I may not have ever started Tipalti.” This outsider perspective allowed the co-founders to innovate by addressing core pain points in a space dominated by fragmented, legacy tools.

Growth and funding

Tipalti's growth accelerated significantly following its early years, transitioning from a startup to a unicorn status through strategic funding and expanding market adoption. In December 2021, the company completed a Series F funding round, raising $270 million at a valuation of $8.3 billion, led by investors including G Squared. This round marked a pivotal milestone, enabling further product development and global scaling. In May 2023, Tipalti secured $150 million in growth financing to support further expansion. By 2025, Tipalti secured an additional $200 million in growth financing from Hercules Capital in September, specifically aimed at advancing AI initiatives within its finance automation platform. Across multiple rounds, Tipalti has raised over $900 million in total , supporting its evolution into a leading provider. This capital influx facilitated robust expansion, with the company achieving status post-Series F and maintaining momentum through and equity financing. growth underscored this trajectory, reaching $200 million in annual recurring revenue as of 2025. By 2024, Tipalti was processing $70 billion in payments annually, demonstrating its scale in handling global transactions for enterprises. Customer acquisition and retention further highlighted Tipalti's expansion, with year-over-year growth of 30% leading to more than 5,000 customers as of 2025. The company reported a 99% rate, indicating strong and low churn in the competitive landscape. These metrics, combined with its funding achievements, positioned Tipalti as a high-growth entity, processing billions in payments while serving thousands of global clients across industries.

Acquisitions and expansions

In June 2025, Tipalti acquired Statement, an AI-native treasury automation company, to integrate advanced real-time cash intelligence, forecasting, and automation capabilities into its platform, enhancing treasury operations for global finance teams. The acquisition, signed on June 16, 2025, aimed to strengthen Tipalti's position in mid-market financial management by adding AI-driven tools for cash flow visibility. To support its international growth, Tipalti launched fully localized solutions for the and markets in 2023, accompanied by obtaining an Electronic Money Institution () license from , enabling streamlined processing and compliance across European operations. In the U.S., the company introduced the Tipalti Card in 2022 as a virtual solution for supplier management, followed by a physical card option in 2023 and the launch of Tipalti Expenses in September 2023 to automate employee reimbursements and spend controls. These initiatives expanded Tipalti's product ecosystem for corporate spending oversight. Tipalti's Partner and Alliances Program has grown to nearly 900 , with over 150 new partners in the past year, reflecting ecosystem integration with ERPs and tools to support customer . By 2025, Tipalti achieved an annual payment volume exceeding $75 billion, underscoring its operational expansion in automating global payables and mass payments.

Products and services

Core platform

Tipalti's core platform serves as a cloud-based, all-in-one solution that streamlines end-to-end payables processes, encompassing (AP), mass payments, , and . Built to address the complexities of modern operations, it enables organizations to automate manual tasks, reduce errors, and achieve greater efficiency across multiple entities and currencies. The platform functions as a centralized for AP operations, facilitating seamless workflows from initial supplier interactions to final financial close. At its foundation, the platform incorporates essential components such as automated , , payment execution, and , all unified within a single system. allows for portals where vendors can submit and verify details, minimizing manual and compliance risks. supports touchless workflows through capture, validation, and approval stages, while payment execution handles disbursements to global recipients. occurs in real-time, syncing transaction data directly with accounting records to ensure accuracy and speed up month-end closes. The platform primarily targets mid-market and enterprise companies, with a strong focus on sectors like , software, and , where high-volume, international payments are common. These industries benefit from its ability to scale operations without proportional increases in administrative overhead, supporting businesses that manage extensive partner networks or affiliate programs. Integration capabilities are API-driven, enabling seamless connectivity with leading ERP systems including Oracle NetSuite, , and Xero, which allows for bidirectional data synchronization and eliminates silos between finance tools. This architecture ensures that core financial data flows effortlessly, enhancing overall operational visibility and control.

Key features

Tipalti's platform provides specialized tools for compliance management, enabling automated through a KPMG-approved engine that validates and collects identification details, including TIN matching. It also automates the generation and validation of and W-8 forms against thousands of global regulatory rules, ensuring adherence to international standards for cross-border transactions. Additional compliance features include screening against OFAC, anti-terrorism, and anti-narcotics lists, as well as support for GDPR through trails and secure document storage, and SOX compliance via risk assessments and fraud prevention protocols. The platform's payment capabilities facilitate disbursements to over 200 countries using more than 50 methods, such as ACH, wire transfers, , and local payment rails, while handling 120 currencies with automatic generation and validation. This multi-currency support includes flexible exchange rate options and entity-specific policies to streamline global payouts without manual intervention. As of summer 2025, updates include card funding for mass payments and enhanced tax . In and , Tipalti offers vendor portals where suppliers can register and update details like contact, financial, and tax information, reducing errors and ensuring compliance. automation converts requisitions into POs seamlessly, incorporates goods received notes for matching, and integrates with systems for spend tracking. Expense reimbursements are managed within the broader spend control framework, supporting global multi-entity payments and enforcement across employee expenses. Security measures include SOC 2 Type II certification under , ensuring robust controls for data handling and operations. Data encryption employs AES for personally identifiable information and for transmissions, complemented by , IP restrictions, and role-based access with over 20 permissions. Fraud detection is enhanced by Tipalti Detect™, which provides proactive monitoring, regular penetration testing, and comprehensive audit trails to mitigate risks.

AI-powered innovations

Tipalti has integrated to automate complex finance processes, particularly in and . Central to these innovations is Tipalti Auto Coding, an AI tool that employs (OCR) and (NLP) to automatically extract from invoices, match them to purchase orders, and assign (GL) codes with high precision. This feature analyzes contextual elements such as purchase orders, invoices, and ledgers to enhance matching accuracy, reducing the need for manual intervention in categorization tasks. Complementing this is Ask Tipalti AI, a conversational AI assistant that enables users to query financial and workflows in , providing instant answers, generating custom reports, and supporting multilingual interactions for 24/7 access to insights. As of September 2025, advancements in Tipalti's AI capabilities were bolstered by a $200 million growth financing round, which is earmarked for expanding AI-driven automation and product development. Following the June 2025 acquisition of Statement, Tipalti integrated AI-native tools for predictive treasury analytics, including real-time cash intelligence, forecasting, and liquidity optimization across banking, ERP, and billing systems to enable proactive financial decision-making. These integrations have yielded significant benefits, including a reduction in manual processing tasks by up to 81%, accelerated processing times by 73%, and decreased human errors by 40%, while improving overall accuracy in invoice coding and cash flow forecasting. As of fall 2025, the Tipalti AI Assistant was enhanced with advanced reasoning capabilities for finance teams. Looking ahead, Tipalti is expanding its agentic AI framework, where autonomous AI agents handle end-to-end tasks such as report generation, tax form extraction, and purchase request , fostering proactive operations that combine human oversight with AI efficiency. This evolution aims to further minimize routine workloads, allowing teams to prioritize strategic initiatives like real-time spend analysis and faster financial closes.

Corporate affairs

Leadership

Tipalti's executive leadership is led by co-founder and CEO Chen Amit, who has guided the company's overall strategy and growth since its establishment in 2010. A veteran high-tech executive and repeat entrepreneur, Amit previously served as CEO of Atrica, a company acquired by Nokia-Siemens Networks. The senior executive team supports Amit in driving operations and innovation. Rob Israch, appointed as the company's first President in 2022, oversees business, customer, and growth strategies, drawing on over 20 years of leadership experience, including as of Global Marketing Programs at . Dan Barzily has served as Chief Financial Officer since 2021, bringing more than a decade of expertise in strategic planning and business development from senior roles at Software Technologies and . Manish Vrishaketu acts as Chief Customer and Operating Officer, contributing over 18 years in payments and , with prior positions at and as General Manager of CashEdge. Des Cahill joined as Chief Marketing Officer in 2023, leveraging extensive B2B SaaS marketing experience from previous CMO roles at Ensighten and Samepage to scale global demand generation. Steve Hunt, Chief People Officer, manages talent acquisition and initiatives, informed by two decades in people operations across and , including at Citi. The provides strategic oversight, comprising co-founder and Chairman Oren Zeev, investor Dovi Frances, and advisor Carl Pascarella. Zeev, who co-founded Tipalti, previously led Atrica as CEO through its acquisition by Nokia-NSN and founded the unit at . Frances, a entrepreneur, serves as a founding partner at NextForty Ventures and contributes governance expertise. Pascarella, an executive advisor at TPG Capital, brings deep industry knowledge as a former member of Visa International's . As Tipalti expanded from a startup to a global platform processing billions in payments annually, its leadership structure transitioned from founder-led operations to a professional management team, marked by strategic hires such as Israch in and Cahill, Hunt, and others in 2023 to address scaling challenges in finance automation and international operations.

Global operations

Tipalti is headquartered in Foster City, California, United States. The company maintains a global network of offices to support its international operations, including locations in Amsterdam, Netherlands; London, United Kingdom; Plano, Texas, United States; and Tel Aviv, Israel. Additional offices are situated in North American cities such as Vancouver and Toronto, Canada, as well as in Medellín, Colombia, contributing to its presence across the Americas and Europe. As of 2025, Tipalti employs approximately 1,350 people worldwide, distributed across these regions to facilitate its operations. This workforce enables the company to serve clients by supporting payments and compliance needs in over 200 countries and territories. In July 2025, Tipalti conducted layoffs affecting dozens of employees worldwide as it shifted its sales strategy. To address regional regulatory requirements, Tipalti has developed localized solutions, particularly for the and markets. In 2023, the company obtained an Electronic Money Institution () license from , allowing it to provide compliant services across . Furthermore, Tipalti integrates support for various international rails, enabling seamless transactions through over 50 methods in over 200 countries and territories and 120 currencies.

Reception

Awards and recognition

Tipalti has received numerous industry awards recognizing its rapid growth and innovative contributions to financial automation. In 2025, the company was named to the Fintech 50 list in the Future of Payments category, highlighting its role in accelerating global bill payments through online processing capabilities. This accolade underscores Tipalti's position among the top startups shaping financial technology advancements. Tipalti has also been honored on the Inc. 5000 list for eight consecutive years as of 2025, ranking among the fastest-growing private companies in the United States based on percentage revenue growth over three years. Additionally, it earned a spot on Deloitte's Fast 500 for the seventh consecutive year in 2024, reflecting sustained high growth in the technology sector, with only a select few companies achieving such repeated recognition. In 2025, Tipalti was included in 's World's Top Companies list for the third consecutive year, acknowledging its leadership in global payments and payables solutions. These awards emphasize Tipalti's leadership in (AP) , where it streamlines supplier , compliance, and global payments to reduce manual processes. The company's integration of AI for and detection has been a key factor in its recognition for innovation, enabling scalable finance operations for high-growth businesses. Tipalti's exceptional is evidenced by its 99% gross annual retention rate, contributing to its accolades for reliable service and operational efficiency. In industry analyses, Tipalti is positioned as a significant in the payables platform space. It is evaluated in Gartner's Applications market, praised for its comprehensive automation features including supplier management and multi-currency payments. Similarly, Tipalti was recognized for its strengths in AI-driven invoice handling and end-to-end workflow integration among key providers.

Financial performance and market position

Tipalti maintains a valuation of $8.3 billion as of December 2021, established following its $270 million Series F round, with sustained growth evidenced by a $200 million growth financing secured in September 2025 to fuel AI innovations in finance . The company reported annual recurring exceeding $200 million in 2025, reflecting a 30% year-over-year increase in both customer base and annualized payment volume. As a leader in global payables , Tipalti serves more than 5,000 customers worldwide as of September 2025, including high-profile enterprises across media, software, and sectors, while achieving a 99% rate and just 1% annual dollar churn. In the competitive landscape of (AP) solutions, Tipalti differentiates itself through its end-to-end automation platform, which integrates supplier , , compliance, and global mass payments in over 200 countries and 120 currencies—capabilities that surpass the more fragmented offerings of rivals like , which focuses primarily on U.S.-centric SMB payments, and , which emphasizes over comprehensive payables. This holistic approach positions Tipalti as a preferred solution for scaling enterprises handling complex, international transactions, contributing to its low churn and high retention amid a market where integration gaps often lead to higher operational friction for users of point solutions. Tipalti's industry impact is underscored by its processing of $75 billion in annualized payment volume as of , a 30% increase from the prior year, supporting over five million suppliers globally and enabling efficient handling of high-volume, cross-border remittances. Amid the growing AP automation market, projected to reach $6.17 billion in and expand at a 12.6% CAGR to $11.17 billion by 2030, Tipalti leverages AI-driven features for enhanced accuracy and speed to capture greater share in this burgeoning segment.

Customer reviews

User reviews on third-party platforms are mixed, particularly regarding customer service, payments, and transfers. On Trustpilot, Tipalti holds a rating of 3.7 out of 5 based on 89 reviews. Positive feedback highlights responsive support, quick resolutions, reliable automated payments and transfers, and efficient global payment options. Negative comments include payment delays, transfers to incorrect accounts, unresponsive or unhelpful support, and occasional errors. On TrustRadius, Tipalti scores 7.2 out of 10 from 101 reviews. Users praise efficient global batch payments, strong security features, and automation benefits, but note occasional payment failures, issues with specific currencies and countries, slower support turnaround times, and other technical challenges.

References

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