Tipalti, an accounting software company founded in California over the past decade, has recently captured a massive funding round of $270 million amid back to back billion dollar valuations. Last year, the company successfully beat out competitors with investments led by Durable Capital Partners, which initially led them to secure unicorn status. The latest round more than quadrupled their valuation as they are now estimated to be worth upwards of $8 billion dollars at the close of the month. The company includes clients such as Twitter, and has procured partnerships with industry giants Quickbooks Online and Approve.com.
Founded by Chen Amit and Oren Zeev, they lead the pack among industry key players in the mass payment automation space by operation on a global scale. The company has increased their revenues more than eighty three percent in the past year as it maintains a transactional volume of roughly $23 billion dollars annually. Tipalti, is also expanding as they are increasing their footprint with a European expansion into London, as well as additional offices in North America via Toronto and Texas. Possessing a 98 % retention rate among 2,000 customers, the company’s user base is only expected to soar in the upcoming years.
