Global payment automation leader, Tipalti, headquartered in Foster City, California, has successfully procured an additional $150m in growth financing. This financial boost is courtesy of the backing from financial giants, JPMorgan Chase Bank and Hercules Capital, Inc. (NYSE: HTGC). This recent investment comes on the heels of a $270m Series F round in 2021, propelling the company’s total funding past the $550m mark.
The firm aims to direct this fresh capital towards catalyzing product innovation and enhancing customer support services.
Tipalti’s platform offers a comprehensive solution for companies aiming to optimize their financial operations cycle. Its capabilities span from onboarding and managing global suppliers, setting up procurement controls, and expediting invoice processing and approvals, to facilitating payments worldwide and reconciling payables data across multi-subsidiary finance organizations. Companies can seamlessly and securely transact with thousands of partners and suppliers in 196 countries in a matter of minutes. Its roster of users includes high-growth companies such as Amazon Twitch, GoDaddy, Roku, WordPress.com, and ZipRecruiter, which utilize Tipalti to alleviate operational workload, hasten financial closure, and bolster financial and spend controls.
In addition to its funding success, Tipalti also unveiled the recent expansion of its executive team. Perla Stoeckert has stepped in as the Chief Compliance Officer, Alice Davidson joins as General Counsel, and Des Cahill has assumed the role of Chief Marketing Officer
