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Valuations for payment technology companies skyrocketed over the past year, pushed by a wave of public listings and record venture capital investments. Some potential acquirers are waiting for prices to cool.
Nu’s successful listing probably served as a sign of things to come.
Tipalti provides a cloud solution to scale and automate the global payables operation. Founded by Chen Amit and Oren Zeev in 2010, Tipalti is backed by investors that include 01 Advisors, Greenspring Associates, Group 11, TrueBridge Capital Partners, and Zeev Ventures and is headquartered in San Mateo.
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Tipalti, once a fintech unicorn, is now nearing decacorn status. The company, which automates accounts payables for mid-market companies, announced today that it has raised $270 million in a Series F funding round that values the company at $8.3 billion. That’s up from a $2 billion valuation at the time of its $150 million Series […]