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Tipalti
Fintech
Tipalti is a San Mateo-based finance automation company providing accounts payable and mass payment software that helps businesses pay suppliers, freelancers, and partners across many countries.
$1.53B
-$1.07
25.28%
30 days ago
$4.22
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Tipalti was founded in 2010 by Chen Amit and Oren Zeev, based on the observation that businesses needing to pay a large number of suppliers, contractors, or content creators across many different countries, such as online marketplaces, ad networks, and other platforms making mass payments to many different payees, historically faced significant manual effort and compliance complexity managing this process, including collecting proper tax documentation from each payee, ensuring compliance with international payment regulations, and processing payments across many different countries' banking systems and currencies, a set of operational challenges that grows substantially more complex as a business's number of global payees increases. Tipalti's platform automates this mass payment and accounts payable workflow, handling supplier and payee onboarding, including collecting necessary tax forms and banking information, validating payment details to reduce error rates, and processing payments across a very large number of countries and currencies, letting businesses that need to pay large numbers of global suppliers, freelancers, or content creators do so with substantially less manual administrative effort than handling this process without dedicated automation software. The company has particularly focused on businesses with complex, high-volume global payment needs, such as online marketplaces and platforms paying many individual sellers or creators, digital advertising networks paying publishers, and other businesses with similarly large and internationally dispersed payee bases, where the combination of payment volume and international complexity creates particularly significant opportunity for automation to reduce administrative burden and payment processing errors relative to manual methods. Tipalti has expanded its platform beyond core mass payments into broader accounts payable automation and procurement functionality, positioning itself as a more comprehensive finance operations platform for the specific needs of businesses managing complex global supplier and payee relationships. The company's customers span online marketplaces, digital media and advertising companies, and other businesses with substantial global payment processing needs. Tipalti has raised substantial venture funding from investors including Durable Capital Partners, Greenoaks Capital, and Zeev Ventures, reaching a reported valuation exceeding $8.3 billion, according to PitchBook data.
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