San Mateo Fintech Firm Tipalti is on a Roll
5/3/2018 – SAN MATEO, CA – According to numerous sources Tipalti, a San Mateo based Financial Technology company, has raised a significant amount of money in its ‘C’ round, increased its head count by 50% and been named one of the Bay Area’s best places to work in 2018.
In February 2018, Tipalti announced that it has raised an additional $30 million to help fund its expansion. Tipalti, who counts Amazon (NASDAQ: AMZN), GoDaddy (NYSE: GDDY), Indeed, Roku (NASDAQ: ROKU), and Twitter (NYSE: TWTR) as clients, strives to modernize the finance systems of its customers by providing a cloud-based payables automation platform. This platform helps CFOs scale their organizations to manage their cross-border payment, supplier, and compliance operations. This ‘C’ round of funding was led by Zeev Ventures.
It has also been reported in the San Francisco Business Times that Tipalti has increased its payroll from 80 to 125 employees in the first quarter with additional hiring planned.
Additionally, the company has won a “2018 Bay Area Best Places To Work” award presented by the San Francisco Business Times and the Silicon Valley Business Journal on April 18, 2018. Tipalti was recognized as the 15th best place to work in the Bay Area in the small companies category and the company’s second consecutive year on the list.