Tipalti Raises $30 Million

Tipalti, a global payables automation solution, today announced it has closed a $30 million Series C financing round led by Zeev Ventures.

Tipalti’s cloud-based payment platform helps CFOs scale payable operations for rapid and global growth by eliminating risks and inefficiencies caused by complex, manual legacy accounts payable processes. According to the company, Tipalti already processes more than $4 billion in transactions annually across almost two million global suppliers.

The fintech company plans to use the additional funding to help its customer base continue to modernize AP operations.