Tipalti, the California-based FinTech specialising in finance automation, has secured $200m in growth financing.
The round was backed by Hercules Capital, which has been a long-term partner of the company. The fresh injection of funds will help Tipalti accelerate its investment in artificial intelligence (AI), continue product innovation, and support international expansion.
Founded with a focus on streamlining finance operations, Tipalti offers an AI-powered platform that automates key processes across procurement, supplier management, invoicing, payments, and compliance. Its solutions are widely used by finance teams to reduce manual workloads, generate actionable insights, and maintain strong regulatory controls.
The newly secured funds will be directed towards strengthening Tipalti’s AI-driven capabilities and further scaling its global presence. The company said it plans to expand the breadth of Tipalti AI by embedding context-aware AI agents across its product suite, enabling finance teams to increase productivity and focus on more strategic tasks.
Tipalti recently acquired Statement, an AI-native treasury automation startup, as part of its push to build a new generation of finance tools. Alongside the financing announcement, the firm unveiled a major upgrade to Tipalti AI, introducing advanced agents for reporting, tax form scanning, purchase requests, and branded onboarding experiences. These updates are designed to reduce repetitive tasks and provide finance teams with instant visibility into key workflows.
Hercules Capital senior managing director Catherine Jhung said, “We are proud to deepen our long-standing partnership with Tipalti at such an exciting stage of their growth journey. Their proven track record of pairing strong growth with meaningful product innovation makes them a rare company. In today’s economic climate, where efficiency and agility are table stakes, businesses need partners who are not only resilient but forward-thinking, and Tipalti exemplifies both.”
Tipalti’s technology is already in use at more than 5,000 companies globally, including Calm, Udemy, AG1, and AppLovin. Its platform processes over $75bn in annualised payment volume, representing more than 30% growth year-on-year. The company has also crossed $200m in annual recurring revenue (ARR) and reported a 30% expansion in its customer base.
Lantern Community Services VP of procurement Kanan Mammadov said, “Tipalti’s AI capabilities have streamlined our operations tenfold. With invoice capture and real-time reporting, my team has complete visibility into approvals, coding history, and potential errors. I can now generate reports instantly, clearly see approval workflows, and trust that the data is accurate every time.”
Tipalti CEO and co-founder Chen Amit said, “Crossing over the $200M ARR threshold is a testament to both the value we deliver to our customers and the growing urgency for finance operations efficiency globally. As trust and reliability are paramount in our business, we’re proud to help mid-market finance teams scale smarter with intelligent automation. Our market opportunity is immense. As an innovation leader, we are building for long-term impact as we redefine what’s possible for modern businesses through AI.”
The company has raised substantial capital in previous rounds, although exact figures were not disclosed in this announcement.
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