Tipalti raises USD 76 mln to boost payables automation

Wednesday 25 September 2019 00:53 CET | News

US-based payables automation solution Tipalti has announced it raised an additional USD 76 million in series D funding.

Led by Zeev Ventures, the D round also includes a follow-on investment from Group 11 and participation from two new investors: 01 Advisors (a fund founded by Twitter’s former CEO & COO) and Greenspring Associates. The company will fuel its growth through increased developer, customer success, sales, and business development headcount, marketing investments, while adding new offices in North America and Europe.

Tipalti streamlines and optimizes businesses’ end-to-end global payables workflow, while giving these companies access to cross border payments, currency conversion, and payments across a wide range of methods.

Tipalti is a payables automation solution that streamline all phases of the global accounts payable workflow in one holistic cloud platform. Tipalti allows finance departments to manage their entire AP and supplier payments operation.

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Keywords: Tipalti, accounts payables automation, funding round, series D funding, Zeev Ventures, Group 11, US, North America
Countries: World