B2B Fintech Unicorn Tipalti Raises $270 Million At A Valuation Of $8.3 Billion
12/08/21, 9:00 AM
Location
san mateoMoney raised
$270 million
Industry
payments
financial services
professional services
software
Tipalti, the leading global payables solution, today announced it has raised $270 million in series F funding at a valuation of $8.3 billion, bringing total funding raised to date to just over $550 million and placing Tipalti among the most valuable private fintech companies in the world. Tipalti will use the funding to accelerate its product roadmap and customer operations, as well as expand globally to transform global financial operations for high-velocity customers.
Company Info
Location
san mateo, california, united states
Additional Info
Tipalti comes from the Hebrew expression for "We handled it." Tipalti is the only company handling both Accounts Payable and Mass Pay workflows for high-velocity companies across the entire financial operations cycle: onboarding and managing global suppliers, instituting procurement controls, streamlining invoice processing and approvals, executing payments around the world and reconciling payables data across a multi-subsidiary finance organization. Tipalti enables high-growth companies to scale quickly by making payables strategic with operational, compliance, and financial controls. Companies can efficiently and securely pay thousands of partners and vendors in 196 countries within minutes. Thousands of companies, such as Amazon Twitch, GoDaddy, Roku, Wordpress.com, and ZipRecruiter use Tipalti to reduce operational workload by 80%and accelerate the financial close by 25%, while strengthening financial controls and spend visibility. For more information, visit tipalti.com.