Tipalti Named to the 2021 CB Insights Fintech 250 List of Top Fintech Startups

Global payables automation companied honored for achievements in Accounting and Finance

NEW YORK, October 5, 2021CB Insights today named Tipalti to the fourth annual Fintech 250, a prestigious list of emerging private companies working on groundbreaking financial technology. This year’s list was unveiled on stage at CB Insights’ Future of Fintech conference in New York City. 

“This is the fourth class of the Fintech 250, and it’s also the most international, representing 26 countries. These 250 fintech startups are attacking an incredibly diverse array of financial services opportunities across 19 sectors, including digital banking, insurance, payroll, retail investing, and more,” said CB Insights CEO Anand Sanwal. “After being named to the CB Insights Fintech 250 last year, the 2020 class saw 17 companies go public and 25 get acquired. They also went on to raise over $25B in additional financing and forged more than 380 new partnerships after being recognized. The Fintech 250 has a history of spotlighting the very best fintech companies, and this year is no different. We’re excited to see how these fintech startups disrupt and transform financial services in the years ahead.”

“Tipalti is extraordinarily proud to be named a Fintech 250 company out of so many companies—particularly in the Accounting and Finance category,” remarks Chen Amit, Co-Founder and CEO of Tipalti. “This industry is easily the most complex and in greatest need of innovation as business adapt and scale to a digital world.”

Through an evidence-based approach, the CB Insights Intelligence Unit selected the Fintech 250 from a pool of over 17,000 companies, including applicants and nominees. They were chosen based on several factors, including data submitted by the companies, company business models and momentum in the market, and Mosaic scores, CB Insights’ proprietary algorithm that measures the overall health and growth potential of private companies.

Tipalti makes over $22B in transactions annually to more than 196 countries and 120 currencies in 50 payment methods for its customers who range from smaller, emerging startups to established mid-sized organizations. By employing Tipalti, organizations virtually eliminate complex global payables effort, even while increasing payment volume to hundreds or even thousands of suppliers and partners around the world at scale.

In addition, Tipalti helps businesses to de-risk finance by strengthening tax and financial controls, add an improved level of supplier service, reduce their operational costs, avoid future headcount, and re-deploy critical finance staff to more mission-critical work.

Before Tipalti, there was no technology available to help companies manage their cross-border, B2B mass payments at scale. Every organization, whether they have an invoice-based workflow or digital platform model, needs an intelligent, holistic approach to eliminate friction to enable scaleable payables.

Fintech 250 2021: Investment Highlights

Top VC investor: Ribbit Capital is the most active investor in this year’s Fintech 250 companies, having invested in 62 deals since 2016. Since 2019, Ribbit has participated in 41 deals with this cohort of companies, including to Nubank, Uala, Brex, Vouch, Razorpay, and BharatPe. Tiger Global Management and Accel were close behind with 57 and 55 deals, respectively.