Tipalti was founded by CEO Chen Amit and chairman and investor Oren Zeev in 2010. Tipalti handles back-office functions, with a suite of tools able to read, process, pay and account for invoices using automation technologies. Their payables automation technology allows companies to automate global payments, supplier management, tax compliance, invoice processing and payment reconciliation.
Announced in June 2010, Tipalti raised $3 million in funding from Group 11.
In October 2014, Tipalti announced they raised $13 million in funding. Wicklow Capital led the round, which included investment from Group 11.
Tipalti raised $14 million in September 2016. The funding was raised by SGVC, whose Dovi Frances was added to Tipalti's board. Tipalti planned to use the new funding to invest in product development, R&D and customer support to bette r help corporate finance organizations.
Announced in February 2018, Tipalti raised $30 million in funding. The round was led by Zeev Ventures and Group 11.
In September 2019, Tipalti raised a $16 million debt financing.
Tipalti announced $76 million in funding in September 2019. The round was led by Zeev Ventures, with participation from Group 11, 01 Advisors, Greensrping Associates and TrueBridge Capital Partners.