Overview
Tipalti is a global payables automation platform founded in September 2010 in Israel by Chen Amit (CEO, former CEO of Atrica) and Oren Zeev (Chairman, founder of Zeev Ventures). Headquartered in Foster City, California with offices in 8 cities globally, the company has raised $900M+ and was valued at $8.3 billion in its December 2021 Series F.
Highlights
- Founder credentials: Chen Amit’s CEO experience, Oren Zeev’s VC background
- Global payment capabilities: 190+ countries, 120+ currencies, 50 payment methods
- End-to-end automation: AI/ML for data entry, supplier onboarding, tax compliance, payment execution
- Three-way PO matching: Automated invoice-to-PO-to-receipt reconciliation
- Unicorn status: $8.3B valuation, 5,000+ customers
- Acquisition history: Approve.com (April 2021), Statement
- Target market: Mid-market (50-1,000 employees), strong in media, e-commerce, ad tech
- Use cases: Mass payouts to creators/affiliates, global supplier payments, contractor payments
Founded
September 2010 in Israel. Founded by Chen Amit (CEO, former CEO of Atrica) and Oren Zeev (Chairman, founder of Zeev Ventures).
Headquarters
Foster City, California; offices in 8 cities globally.
Ownership and funding
Independent. Acquired Approve.com (April 2021) and Statement. Raised $900M+; valued at $8.3B (Series F, December 2021).
Core technology
End-to-end payables automation with AI/ML for data entry. Global payments to 190+ countries, 120+ currencies, 50 payment methods. Three-way PO matching.
Market position
Mid-market (50, 1,000 employees); 5,000+ customers. Strong in media, ecommerce, ad tech.
Product philosophy
“Liberate finance teams by automating supplier payment operations”.