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Tipalti Raises $150 Million to Fuel Global Expansion and Payables Automation

Tipalti | Release | May 15, 2023

Unsplash shane man fans out money - Tipalti Raises $150 Million to Fuel Global Expansion and Payables Automation

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Tipalti, the global payables automation platform, has secured $150 million in growth financing from JPMorgan Chase Bank and Hercules Capital, Inc.

  • This funding comes after a successful Series F round in 2021, bringing the company's total funding to over $550 million. The new investment will be used to fuel further growth, invest in product innovation, and provide support to its customers.
    • With transactions increasing by 50% in 2022, totaling an annualized payments volume of $43 billion, Tipalti's cloud-based platform simplifies the accounts payable process and enables its 3,000 mid-market customers across 196 countries to easily pay suppliers.

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  • Tipalti has expanded its executive team with the addition of three new executives.  These new hires demonstrate Tipalti's commitment to excellence at every level and will contribute to the company's continued growth and success.
    • Perla Stoeckert, Chief Compliance Officer, brings more than 15 years of experience in financial services to the role.
    • Alice Davidson, General Counsel, has over 15 years of experience as a Securities/M&A lawyer, specializing in fintech, paytech, and crypto.
    • Des Cahill, Chief Marketing Officer, has a successful track record of helping B2B SaaS software companies scale and achieve successful exit strategies.
  • The partnership with JPMorgan Chase Bank also strengthens the relationship between the two organizations, as the bank has been instrumental in processing billions of dollars worth of supplier payments on behalf of Tipalti's customers since 2016.

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NCFA Jan 2018 resize - Tipalti Raises $150 Million to Fuel Global Expansion and Payables AutomationThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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