Tipalti Secures $200 Million in Growth Financing to Drive Next Wave of AI Innovation in Finance

Rhea-AI Summary

Tipalti, a finance automation platform, has secured $200 million in growth financing from Hercules Capital (NYSE: HTGC). The funding will support AI development and global expansion. The company has unveiled enhanced Tipalti AI with new AI agents, including Reporting, Tax Form Scan, Purchase Request, and Branded Experience agents.

The company reported significant growth metrics, including reaching $200 million in annual recurring revenue (ARR), 30% year-over-year customer base growth, and processing payments at a $75 billion annualized payment volume (30% YoY increase). Tipalti now serves over 5,000 global companies across multiple regions including the U.S., Canada, UK, and EU.

Positive

• Secured substantial $200 million growth financing from Hercules Capital
• Reached $200 million in annual recurring revenue (ARR)
• 30% year-over-year growth in customer base to over 5,000 global companies
• Processing $75 billion in annualized payment volume, up 30% YoY
• Expanded global presence across multiple regions
• Successfully integrated AI-native treasury automation startup Statement

Negative

• Significant dependence on external financing for growth and AI development
• Operating in increasingly competitive AI-powered fintech space

News Market Reaction

-1.46%

1 alert

-1.46% News Effect

On the day this news was published, HTGC declined 1.46%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Finance automation leader unveils powerful updates to Tipalti AI to redefine productivity for finance professionals with AI agents

FOSTER CITY, Calif., Sept. 24, 2025 /PRNewswire/ -- Tipalti, the AI-powered platform for finance automation, today announced it has secured $200 million in growth financing from long-time partner Hercules Capital, Inc. (NYSE: HTGC). The financing will fuel Tipalti's continued investment in artificial intelligence (AI) and product innovation, as well as support its global growth.

Building on its recent acquisition of AI-native treasury automation startup Statement, Tipalti has introduced the next evolution of Tipalti AI, redesigned with an agentic focus in mind. Enhanced with more powerful, context-aware AI agents, Tipalti AI expands both the breadth and depth of its AI capabilities. Embedded across the full spectrum of finance automation solutions, Tipalti AI enables finance teams to increase productivity, surface richer insights, and focus their time on strategic priorities.

"We are proud to deepen our long-standing partnership with Tipalti at such an exciting stage of their growth journey," said Catherine Jhung, Senior Managing Director of Hercules Capital. "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."

Elevating Finance with Practical AI Agents

Designed to meet the demands of today's real-time economy, Tipalti's AI Agents eliminate repetitive tasks and surface meaningful insights, freeing finance teams to focus on higher-impact initiatives. Equally important, Tipalti AI maintains a careful balance between automation and control, giving finance professionals the ability to review and override AI-powered decisions, such as critical approvals and payments. By working in unison with Tipalti's built-in financial and regulatory controls, Tipalti's expanding bench of AI agents is redefining what's possible in finance operations:

• Reporting Agent: Generate customized reports instantly with intuitive natural language prompts to pull actionable insights from supplier, procurement, invoices, and payment data. Users can refine parameters, adjust layouts, filter data, and save dashboards for real-time visibility.
• Tax Form Scan Agent: Automate supplier onboarding with embedded tax compliance scanning to extract W-9 data and accelerate approvals.
• Purchase Request Agent: Expedite the intake process by auto-generating complete purchase requests from simple descriptions, connecting approval processes and parallel approval support, and streamlining communication.
• Branded Experience Agent: Deliver a seamless, branded payee onboarding experience with AI-powered customization, ensuring speed, consistency, and reduced friction.

"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," said Kanan Mammadov, VP of Procurement at Lantern Community Services. "I can now generate reports instantly, clearly see approval workflows, and trust that the data is accurate every time."

The Enhanced Tipalti AI Assistant

Alongside the latest AI capabilities, the Tipalti AI Assistant has been strengthened to better serve finance professionals at every level, from expert to novice. The conversational agent combines deep Tipalti knowledge with advanced reasoning, serving as a collaborative partner and providing instant answers to complex questions through an intuitive chat interface. Tipalti AI Assistant enables teams to streamline repetitive workflows and yield actionable insights for better-informed decisions, engaging directly with critical financial data, all without relying on multi-step manual processes.

Driving Momentum: Global Growth and Strong Performance

Tipalti's accelerated AI investments come amid a period of strong business performance and global growth. The company recently surpassed $200 million in annual recurring revenue (ARR) and continues to deliver consistent year-over-year (YoY) expansion, growing its customer base by 30%. More than 5,000 global companies, including Calm, Udemy, AG1, and AppLovin, rely on Tipalti to eliminate manual workloads, accelerate visibility, reduce risk, and ensure compliance at scale. The company continues to strengthen its global payments infrastructure, processing payments at a $75 billion annualized payment volume, more than a 30% increase YoY, across a growing global customer base spanning the U.S., Canada, the UK, Benelux, Germany, the Nordics, Spain, and the broader EU.

"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," said Chen Amit, CEO and Co-founder of Tipalti. "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."

More Information

Dive deeper into Tipalti's AI vision in Roby Baruch's blog.

Discover how Tipalti AI Agents are redefining finance automation at www.tipalti.com/ai.

About Tipalti

Tipalti is the AI-powered platform for finance automation, elevating how finance teams operate in the global economy. We empower our customers to scale faster and smarter by removing the complexities of doing global business and accelerating their finance operations efficiency. Our platform provides a comprehensive suite of finance automation solutions designed for mid-market businesses, across accounts payable, global payouts, procurement, employee expenses, corporate cards, supplier management, tax compliance, and treasury. Tipalti partners with leading financial institutions such as Citi, Wells Fargo, J.P. Morgan and Visa, enabling over 5,000 global companies to efficiently and securely pay millions of suppliers and payees across 200+ countries and territories, in 120 currencies. For more information, visit tipalti.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/tipalti-secures-200-million-in-growth-financing-to-drive-next-wave-of-ai-innovation-in-finance-302565177.html

SOURCE Tipalti

FAQ

How much funding did Tipalti secure from Hercules Capital (NYSE: HTGC)?

Tipalti secured $200 million in growth financing from Hercules Capital to fuel AI investment and global expansion.

What is Tipalti's current annual recurring revenue (ARR)?

Tipalti has surpassed $200 million in annual recurring revenue (ARR) with consistent year-over-year expansion.

What are the key features of Tipalti's new AI agents?

Tipalti's new AI agents include Reporting Agent for customized reports, Tax Form Scan Agent for supplier onboarding, Purchase Request Agent for expedited intake, and Branded Experience Agent for seamless payee onboarding.

How many customers does Tipalti currently serve?

Tipalti serves over 5,000 global companies, including notable clients like Calm, Udemy, AG1, and AppLovin.

What is Tipalti's current payment processing volume?

Tipalti processes payments at $75 billion annualized payment volume, representing a 30% increase year-over-year.