Tipalti Customer Base Surges to More Than 3,000 as It Boosts Transactions 50%

B2B fintech unicorn expands global footprint and customer base; achieves 98% customer retention rate for fifth year in a row

Foster City, CA – March 1, 2023 – Tipalti, the leading global payables solution, today announced its 2022 results, highlighting significant growth in customer transactions, expanded office space and locations and innovative new products. Tipalti grew its overall customer base to more than 3,000, helping total transactions to soar by 50% for a total payments volume of $43 billion. Its UK solution, launched in 2021, contributed to this growth with more than 100 new customers signed since inception. New global customers such as GoodRx, e.l.f. Cosmetics and Cloudinary joined a portfolio of clients with a 98% retention rate.

2022 was also a momentous year of product innovation and recognition for Tipalti. At its second annual Illuminate user conference, Tipalti unveiled the Tipalti Card, which combines quick virtual card issuance with end-to-end supplier payments, allowing users to manage and control business spend across all payment methods while achieving instant credit card reconciliation. The simplicity and convenience of the Tipalti Card further show the company’s ability to address the pain points and complexities of the finance operation.

The company continued to rake in awards for solutions that are changing how companies around the world manage everything from AP to global payouts. In fact, Tipalti was named to the Inc. 5000 list and Deloitte Fast 500 list for the fifth consecutive year and was one of only 15 companies to be named to Deloitte’s Fast 500 five years in a row. Alongside Salesloft and Onit, Tipalti was also one of only three companies to appear on both lists for the past five consecutive years. 

Tipalti’s customers are proof of why these awards are deserved: 

“At Create Music Group, our goal is to give artists more money, more often and with complete transparency, and we needed a partner who was able to deliver payments quickly and accurately to a global client base,” said Zach Victor, VP of Finance at Create Music Group. “With Tipalti’s finance automation, we’ve been able to modernize and consolidate our payments process, streamline our workflow and be better partners to our clients.”

Additional major milestones for Tipalti include:

Product Enhancements and Integrations: 

Leadership Promotions: 

2022 Illuminate User Conference: 

Awards and Recognition: 

Global Location Growth: 

“2022 was a year that challenged companies around the globe, forcing many to reorganize their priorities and reassess their goals,” said Chen Amit, co-founder and CEO of Tipalti. “In response, we honed in on how our products could better serve our customers struggling with the current economic realities. As a result, we continued to grow as a company and win market share. We doubled down on our commitment to our customers and put them at the center of our business. As we enter 2023, we will continue to make them a priority by introducing innovative solutions they need to thrive throughout these challenging times.”  

About Tipalti

Tipalti is the only company handling both Mass Payments and Accounts Payable workflows for high-velocity companies across the entire financial operations cycle: onboarding and managing global suppliers, instituting procurement controls, streamlining invoice processing and approvals, executing payments around the world and reconciling payables data across a multi-subsidiary finance organization. Tipalti enables companies to scale quickly by making payables strategic with operational, compliance, and financial controls. Companies can efficiently and securely pay thousands of partners and suppliers in 196 countries within minutes. Thousands of companies, such as GoDaddy, Roku and WordPress.com use Tipalti to reduce operational workload by 80% and accelerate the financial close by 25%, while strengthening financial and spend controls. For more information, visit tipalti.com.