In episode 81 of the Acceleration Economy Minute, Kieron Allen discusses Tipalti, and its $150 million financing round.
To hear practitioner and platform insights on how solutions such as ChatGPT will impact the future of work, customer experience, data strategy, and cybersecurity, make sure to register for your on-demand pass to Acceleration Economy’s Generative AI Digital Summit.
Highlights
00:50 — The global payables automation platform Tipalti announced it has raised $150 million in incremental growth financing from JPMorgan Chase and Hercules Capital.
01:04 — The investment is coming on the back of $270 million in Series F funding
in 2021, bringing total funding and debt financing to over $700 million.
01:12 — It’s a big win for Tipalti that will also serve as a major boost to customers as the company now plans to invest in product innovation and customer support. Interestingly, Tipalti has an existing relationship with JPMorgan Chase that began back in 2016 and the latter has been one of three major global banks that Tipalti uses to route payments worth billions for its customers every month.
01:25 — This shows the importance of partnerships; while they may not always lead to a $150 million cash injection, they serve as a proving ground for your products and, if you excel, you will be noticed. Secondly, it shows that while Tipalti has established itself as a leader in finance automation, the company’s software continues to drive confidence and customer wins.
To hear practitioner and platform insights on how solutions such as ChatGPT will impact the future of work, customer experience, data strategy, and cybersecurity, make sure to register for your on-demand pass to Acceleration Economy’s Generative AI Digital Summit.
