Tipalti, a San Mateo, CA-based global payables automation solution, raised an additional $76m in Series D funding.
The round was led by Zeev Ventures, with participation from Group 11 (f.k.a. SGVC) and new investors 01 Advisors (a fund founded by Twitter’s former CEO & COO) and Greenspring Associates.
The company intends to use the funds to continue to grow its developer, customer success, sales, and business development headcount, marketing investments, while adding new offices in North America and Europe.
Led by Chen Amit, CEO and Co-founder, and newly appointed Sam Barakat, Chief Revenue Officer, Tipalti provides a cloud based technology platform aimed at mid-market companies, who have traditionally been underserved by banks, to streamline all phases of the global accounts payable workflow. The solution streamlines and optimizes businesses’ end-to-end global payables workflow, while giving companies access to cross border payments, currency conversion, and payments across a wide range of methods.
In the first half of 2019, the company more than doubled new customer and business bookings and surpassed $8 billion in annual transactions.
Hundreds of companies use Tipalti including Roku, Zumba, Twitter, GoDaddy, Zola, Twitch, GoPro, Foursquare, and Vimeo.