Tipalti is now ranked 15th globally in valuation for private fintech companies

San Mateo, California, December 8, 2021 Tipalti, the leading global payments solutions company, today announced that it has raised $270 million in $8.3 billion in Series F funding, bringing the total funding raised so far to just over $550 million, and placing Tipalti among the fintech companies. The most valuable private in the world. Globalism. Tipalti will use the funding to accelerate its product and customer process roadmap, as well as expand globally to transform global financial operations for high-speed clients.

Led by G Squared, the Series F round also includes significant investments from new investors Marshall Weiss, funds and accounts managed by Counterpoint Global (Morgan Stanley), as well as existing investors Zeev Ventures, Durable Capital Partners, 01 Advisors, and others.

This latest investment will enable Tybalty to add more to our product lines and capabilities in the next 18 months than we have over the past 10 years combined. We are on a journey to transform financial operations, relieve finance leaders of those mundane and cumbersome and risky tasks, and raise the financial capabilities of high-speed organizations to rival those of the Fortune 5000.”

Chen Amit, Co-Founder and CEO of Tipalti

We believe Tybalty is reshaping how companies manage their financial operations, and their industry-leading growth and retention rates are proof that they are on a mission to solve important challenges for their clients. The company’s outstanding solutions, combined with its strategic vision and ability to execute, position Tibalti as a true disruptor in the global payments landscape. We see a huge opportunity in a target market that is currently underserved and look forward to working together with Tibalti.”

Larry Ashebrock, Founder and Managing Partner, J Squared

Tipalti F 2 . series

Tipalti F 3 . series

In the United States alone, they represent mid-market companies, defined as those with revenues between $10 million and $1 billion More than a third of the employment And About 40% of GDP. The challenges that have emerged over the past two years with COVID-19 and other macro changes have accelerated the shift in how companies manage financial operations.

A recent Tipalti survey found that 99% of CFOs said their jobs had become more complex over the past two years, and nearly a third of CFOs indicated that international expansion was an area of ​​increased responsibility—a shift confirmed by 20% of CEOs citing growth. global level as a top priority for their chief financial officers. However, when the financial managers Manually manage financial operationsThey lack significant resources and time that could be spent on scaling up and implementing strategic initiatives.

Tipalti currently processes more than $30 billion in total annual payment volume – growing 120% year over year. Last October, the company announced its $150 million Series E round with a $2 billion valuation. This year launched enhanced capabilities, including Acquisition and integration of cloud procurement solutions provider Approve.com, enhanced multi-entity AP capabilities, cards, mobile and Add new integrations With complementary fintech providers. Tibalti also passed the 2000 customer mark, and opened new offices in London, UK; Plano, Texas; and Toronto, Ontario, and has grown to over 700 employees worldwide. Tipalti is ranked on both the 2021 Inc. 5000 for the fastest growing companies in the US and Deloitte Fast 500 for the fourth year in a row, winning Best Accounts Payable Software 2021 from TrustRadius, and was named a global leader by IDC Marketscape in middle market accounts payable automation.

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