U.S.-Israeli firm Tipalti raises $270 mln at more than $8 bln valuation

ZipRecruiter

08/12/2021 14:33

Dec 8 (Reuters) - Tipalti said on Wednesday it had raised
$270 million in a late-stage funding round, led by G Squared,
that valued the U.S.-Israeli payment automation firm at $8.3
billion.
    The Series F round also includes significant investments
from new investors Marshall Wace, and funds and accounts managed
by Counterpoint Global, in addition to current investors Zeev
Ventures, Durable Capital Partners, 01 Advisors and others,
Tipalti said.
    Headquartered in California with offices in Israel, Tipalti
said it would use the funds to expand its product lines as well
as expand globally. 
    The company, which operates a cloud-based payments
automation platform, currently processes over $30 billion in
total annual payments volume - growing 120% year over year. 
    Tipalti raised https://www.reuters.com/article/tech-tipalti-fundraising-int-idUSKBN26R216
 $150 million in funding at a valuation of more than $2 billion
in October last year. The latest round brings total funding
raised by the company to date to just over $550 million.  
    Tipalti, founded in 2010, has over 2,000 customers,
including Twitter Inc  TWTR.N , Amazon Twitch, GoDaddy Inc
 GDDY.N , Roku Inc  ROKU.O , Wordpress.com and ZipRecruiter Inc
 ZIP.N .
     

 (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Anil
D'Silva)
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