Tipalti payments volume increases by 100% YOY to over $36bn

Tipalti payments volume increases by 100% YOY to over $36bn

Tipalti, the leading global payables solution, today announced unprecedented growth in 2021, with payments volume increasing more than 100 percent YoY to more than $36 billion. Coming on the heels of a $270 million series F funding round, Tipalti quadrupled its valuation to $8.3 billion. With a total funding of just over $550 million, it is among the most valuable private fintech companies in the world.

Tipalti's customer base surged past the 2,000 mark with companies including Amazon Twitch, GoDaddy, Roku, ZipRecruiter and Roblox relying on its award-winning technology, helping Tipalti maintain an industry-leading 98% customer retention rate. To help these companies control costs and improve spend visibility, Tipalti acquired an integrated cloud procurement solutions provider Approve.com. It also strengthened its multi-entity AP capabilities and added new integrations with additional ERPs and complementary financial tech stack providers.




In October 2021, Tipalti launched its European headquarters in London with an FCA-approved, localised solution for the UK market, expanding the company's footprint to three continents. Additionally, Tipalti opened new North American offices in Plano, Texas and