Tipalti, a San Mateo, CA-based leading global payables solution, announced it has raised $270 million in series F funding at a valuation of $8.3 billion, bringing the total funding raised to date to just over $550 million and placing Tipalti among the most valuable private fintech companies in the world.
The round was led by G Squared, which also includes significant investments from new investors Marshall Wace and funds and accounts managed by Counterpoint Global (Morgan Stanley), in addition to current investors Zeev Ventures, Durable Capital Partners, 01 Advisors, and others.
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: Tipalti Inc
Round: Series F
Funding Month: December 2021
Lead Investors: G Squared
Additional Investors: Marshall Wace and funds and accounts managed by Counterpoint Global, Zeev Ventures, Durable Capital Partners, and 01 Advisors
Company Website: https://tipalti.com/
Software Category: Accounts Payable (AP) Automation Software
About the Company: Tipalti began in 2010 when digital networks lacked the technology to manage mass payments to global partners. Tipalti is the only global payables automation solution to streamline all phases of the AP and payment management workflow in one holistic cloud platform. Tipalti makes it painless for accounts payable departments to manage their entire supplier payments operation. Tipalti also passed the 2,000-customer mark, opened new offices in London, U.K.; Plano, Texas; and Toronto, Ontario, and has grown to over 700 employees worldwide. Tipalti ranked on both the 2021 Inc. 5000 list of fastest-growing companies in the U.S. and the Deloitte Fast 500 for the fourth consecutive year, won Best Accounts Payable Software 2021 by TrustRadius, and was named a Worldwide Leader by IDC Marketscape in Midmarket Accounts Payable Automation.