Fintech unicorn Tipalti raises $200 million in debt, surpasses $200 million ARR
The Israel-founded firm eyes global expansion with AI agents reshaping finance operations.
Fintech unicorn Tipalti has raised $200 million in debt from Hercules Capital to accelerate its investment in artificial intelligence and international expansion. The fintech company also announced on Wednesday that it recently surpassed $200 million in annual recurring revenue (ARR).
The deal comes shortly after Tipalti acquired Statement, a treasury automation startup built around native AI technology. With that integration, the company has introduced an updated version of Tipalti AI, designed around what it describes as “agentic” capabilities, context-aware AI agents embedded across its software platform. These agents are intended to automate repetitive tasks while preserving human oversight for decisions such as payments and approvals.
Among the newly introduced tools are a Reporting Agent that generates tailored dashboards through natural-language prompts, a Tax Form Scan Agent for automated compliance checks, and a Purchase Request Agent that streamlines procurement workflows. A Branded Experience Agent, meanwhile, allows companies to customize payee onboarding while maintaining regulatory controls.
Tipalti also enhanced its AI Assistant, a conversational agent designed to provide finance professionals with instant answers to complex operational questions. By combining a chat-based interface with advanced reasoning, the assistant can help teams avoid multi-step manual processes and surface actionable insights from real-time data.
“Crossing over the $200 million 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, Tipalti’s co-founder and CEO. “As trust and reliability are paramount in our business, we’re proud to help mid-market finance teams scale smarter with intelligent automation.”
The company says it now processes $75 billion in annualized payment volume, a 30% increase year over year, serving more than 5,000 businesses across North America and Europe. Customers include Calm, Udemy, AG1 and AppLovin.
