Secures $150 Million in Growth Financing

Coming on the heels of a $270 million Series F in 2021 that brought the companys total funding to over $550 million, this latest raise will enable Tipalti to further invest in product innovation and supporting its customers.With transactions soaring by 50% in 2022 to a total annualized payments volume of $43 billion, Tipaltis cloud-based platform automates the entire accounts payable process, making it easy for its more than 3,000 mid-market customers to pay suppliers across over 196 countries. From the top tier payables automation platform to the pioneering expertise of its executive team, Tipalti is operating from a position of strength and we are pleased to be partnering with the company to support continued growth.Tipalti also announced that three new executives have joined its C-suite highlighting the companys commitment to excellence at every level: Perla Stoeckert, Chief Compliance Officer, who re-joined Tipalti in March 2023, has more than 15 years of experience in financial services, including foreign exchange, online payments, funds transfers and deposit operations. Prior to Tipalti, Perla served in executive global roles in risk and compliance at OFX, FXCM and Commonwealth Foreign Exchange (MoneyCorp). Alice Davidson, General Counsel, who joined Tipalti in April 2023 is a Securities/M&A lawyer by trade with over 15 years of experience, including deep fintech, paytech and crypto expertise. Des Cahill, Chief Marketing Officer, who joined Tipalti in May 2023 has spent the majority of his 35-year career helping companies in Silicon Valley B2B SaaS software scale and execute successful exit strategies.