Finance automation fintech Tipalti has secured $200 million in growth capital from its long-time financing partner Hercules Capital, intending to use the funds to advance its AI capabilities and products while fueling its global market expansion.
US-headquartered Tipalti, founded in 2010 by CEO Chen Amit and Chairman Oren Zeev, currently serves over 5,000 companies. The company offers AI-driven solutions designed to automate various finance operations, including accounts payable, employee expenses, global payouts, procurement, supplier management, and tax compliance. This latest investment follows Tipalti’s previous capital raises, which include $150 million from Hercules Capital and JP Morgan Chase in 2023, and a $270 million Series F round led by G Squared in 2021.
The company’s commitment to AI innovation was recently underscored by its acquisition of treasury start-up Statement in June. This purchase has enabled Tipalti to advance several new agentic AI features, such as a reporting agent, a tax form scan agent, a purchase request agent, a branded experience agent for onboarding, and a conversational agent known as the Tipalti AI Assistant.
Tipalti’s operations currently span the US, Canada, the UK, Spain, Germany, Belgium, the Netherlands, Luxembourg, and several other European countries. Its European expansion is supported by an Electronic Money Institution licence, which was approved by De Nederlandsche Bank in 2023.
This investment comes as Tipalti reports annual recurring revenues exceeding $200 million and a 30% increase in its customer base. Chen Amit stated that Tipalti is “building for long-term impact” and aims to “redefine what’s possible for modern businesses through AI.”
