Tipalti announces UK move following growth in North America

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Valentina Vitali
Valentina Vitali
FXC Intelligence Research Analyst
Valentina is a Research Analyst at FXC Intelligence, the data sister company of FXcompared. Valentina is passionate about payments and fintech. Valentin enjoys analysing money transfer companies and… Read more
  • Tipalti, an automated accounts payable solution designed for “high-velocity businesses”, has announced that it will open an office in London and will bring its chief marketing officer over from San Francisco.
  • The move comes after Tipalti experienced a period of very high growth in the North American market.
  • “We know, now more than ever, and in this current climate, finance teams need to be empowered with great technology that modernises finance departments and provides finance leaders with greater visibility and control,” said a senior Tipalti spokesperson.

Tipalti, a payables automation platform, has confirmed that it has expanded into Europe by opening an office in London.

The firm’s decision means that it is the first company in the UK to automate the accounts payable (AP) process while also executing international money transfers.

Tipalti caters to “high-velocity businesses”, including companies such as Amazon Twitch, Business Insider and National Geographic.

The company is recognised as a “unicorn” in the start-up world and is valued at more than US$2bn.

The London move comes after Tipalti experienced a period of huge growth in North America, seeing growth of over 80% year on year.

The service that will launch in the UK market has undergone a process of localisation.

It offers a wide range of end-to-end AP services, including VAT compliance, supplier management and invoice management.

Tipalti’s chief marketing officer Robert Israch has also made the move from San Francisco to London to become general manager of the European business.

In a statement, he said that it was apparent that the service was required in Britain.

“There’s a clear need and benefit for Tipalti’s technology in the UK,” he said.

He went on to say that the firm had acknowledged that companies in the UK were looking to scale up in size.

“We know the strong desire for businesses in the market to scale, in fact almost a third (28%) of UK CEOs said international growth is a top priority in 2021 and beyond.”

He also indicated that the current AP processes in these firms were sometimes preventing them from doing this.

“Time-consuming manual finance processes and piecemeal solutions are holding them back. We want to change this,” he said.

“We know, now more than ever, and in this current climate, finance teams need to be empowered with great technology that modernises finance departments and provides finance leaders with greater visibility and control.”

Israch pointed out that the offer from Tipalti is purpose-built and designed to meet challenges.

“Tipalti’s scalable solution is purpose built to help businesses achieve their ambitious growth plans and meet changing needs, whilst also managing the major payables and financial operations challenges brought with this.”

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