Tipalti valuation exceeds $8Bn
By MYBRANDBOOK
Israeli FinTech Tipalti, the provider of AI-powered commercial payments and accounting services, has completed a series F funding round that has seen its valuation reach $8.3 billion.
This Series F round, led by Swiss multinational G Squared, allowed Tipalti to quadruple its worth following a strong year.
The company offers a cloud-based platform that allows clients to handle financial tasks such as payments to suppliers, tax and VAT compliance, and invoice management, across borders in a range of currencies.
CEO and Co-Founder Chen Amit said, “I think the market has a proper appreciation for the size of market opportunity we’re facing. Our multiples over the last 12 months have increased because of that new appreciation.”
According to Amit, the latest $270 million investment will enable the company “to add more to its product lines and capabilities in the next 18 months than it had over the past 10 years”.
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