Funding Will Fuel Continued Growth and Product Innovation for FinTech Leader; Company Also Announces Three New Additions to Executive Team

FOSTER CITY, Calif., May 15, 2023 /PRNewswire/ -- Tipalti, the leading global payables automation platform, announced today it has raised $150 million in incremental growth financing from JPMorgan Chase Bank and Hercules Capital, Inc. (NYSE: HTGC). Coming on the heels of a $270 million Series F in 2021 that brought the company's total funding to over $550 million, this latest raise will enable Tipalti to further invest in product innovation and supporting its customers.