While being a sector neutral investor, at AMYP we do have certain preferences for the mobility and fintech sectors. One fintech company we have backed is Tipalti, a leading global payables solution based in San Mateo, USA. Tipalti has earlier announced unprecedented growth for last calendar year, with payments volume increasing more than 100 percent YoY to more than $36 billion in total. Tipalti is among the most valuable private fintech companies in the world, with clients like Amazon Twitch, GoDaddy, Roku, ZipRecruiter and Roblo.
One metric where Tipalti stands out, is an industry-leading 98% customer retention rate – largely due to its easy to operate technology platform. Last year, we also saw Tipalti launch its European headquarters in London with an FCA-approved, localized solution for the UK market, expanding the company’s footprint to three continents. Tipalti won many awards in 2021, including CB Insights’ Fintech 250 List of Top Fintech Start-ups, Deloitte Technology’s Fast 500, Fortune’s Best Places to Work, and the Inc. 5000 list of fastest-growing companies in the U.S.
The name “Tipalti” comes from the Hebrew expression for “We handled it.” Tipalti is the only company handling both accounts payable and global partner payments 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 reduces operational workload by 80% and accelerate the financial close by 25%, while strengthening financial controls and spending visibility.
For more information about Tipalti, visit tipalti.com.
For more information about AMYP, visit amyp-ventures.com.