Tipalti raises $270 million

Cloud-based accounts payable automation start-up Tipalti has raised $270 million of Series F venture funding in a deal led by G Squared. The latest round values the company at $8.3 billion, up from a $2 billion the company was valued after its $150 million Series E round in October of 2020.

Founded in 2010, Tipalti increased its total annual payments volume by 120% and currently processes more than $30 billion. The platform is used by many well-known companies including Roblox, GoDaddy, Twitch Roku, WordPress.com and ZipRecruiter.