Tipalti Passes $5 Billion in Annual Transactions and 3 Million Suppliers on Payables Platform

Tipalti, which makes a global payables automation platform, has surpassed $5 billion in annual transactions, with over 3 million suppliers onboarded on the platform. These milestones came as Tipalti more than doubled new business bookings in Q2 2018 versus Q2 2017 and became licensed as a Money Transmitter in every state in which it’s required.

Tipalti’s momentum has been further bolstered through its recognition as an Inc. 5000 company ranking #1559 on the list and the crucial hire of Sarah Dickens Spoja as CFO. A veteran of the financial industry, Sarah has joined Tipalti from KKR Capstone where she worked with portfolio companies in the Financial Services and Retail Sectors, including First Data Corporation and Academy Sports + Outdoors. During her 4 years at First Data Corporation, Sarah was pivotal in the acquisition of Clover Network Inc., a mobile POS merchant processing solution, and helping to scale the start-up and commercialize the product through First Data’s major bank of relationships in the US. Prior to joining KKR, Sarah worked at Bain & Company in Boston and Sydney. She holds a B.A. from Williams College in both Mathematics and Economics and an M.B.A. from Stanford University Graduate School of Business.

“We’re thrilled to have Sarah join our team during an extremely exciting time for the business,” said Chen Amit, CEO and co-founder of Tipalti. “Her deep finance and operational expertise and knowledge of scaling companies will be crucial for us as we continue making fast headway toward our mission of freeing finance from manual payables operations, so that CFOs can focus finance on driving strategic impact for their businesses.  We’ve only just started to scratch the surface of this $90 billion global market and our dedication to transforming AP will continue to fuel our ongoing success.”