Tipalti raises $30 million to sharpen B-to-B payments

Tipalti, whose platform automates domestic and international accounts payable, has raised $30 million in a Series C financing round led by Zeev Ventures, bringing its funding total to $50 million.

The San Mateo, Calif.-based firm will use the cash infusion to further develop its offerings that enable global corporations like Amazon, GoDaddy and Roku to shift their accounts payable operations to automated, cloud-based platforms, Tipalti said in a Tuesday press release.

Zeev Ventures' cofounder Oren Zeev is also a cofounder of Tipalti, according to the release.

Tipalti processes more than $4 billion in transactions annually across 2 million global suppliers with services spanning cross-border payments, supplier payments and compliance, according to the release.

“Tipalti has only scratched the surface of what we’ve determined to be a $90 billion global market,” Oren Zeev said in the release.