Tipalti raises USD 13 mln Series B funding round

Wednesday 22 October 2014 16:01 CET | News

Tipalti, a provider of automated pay-out services, has unveiled a USD 13 million Series B funding round led by Wicklow Capital.

Tipalti plans to use the new round of funding to grow sales and marketing, to invest in product development and R&D and to expand its business to new verticals and markets.

Tipalti automates the mass global payments operations process. Tipalti’s SaaS solution serves companies with payables operations, such as advertising networks, affiliate networks, monetisation, digital goods and services, ISPs, crowdsourcing, crowdfunding and marketplaces. Tipalti currently serves approximately 250,000 payees and processes around USD 1 billion annually. Customers include Chartboost, TouchofModern, PulsePoint, Disqus, Matomy, A4D, MUNDOmedia, Perion Codefuel, ClickDealer, Infolinks and Tapjoy.

Wicklow Capital was founded by Daniel Tierney and Stephen Schuler, co-founders of GETCO and current board members of KCG Holdings.

In recent news, Tipalti has launched Supplier Portal, a service dedicated for Accounts Payable (AP) departments to automate payments to supplier, vendor, contractor, or employee.

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Keywords: Tipalti, Series B, funding, round, Wicklow Capital, automated pay-out
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce