Tipalti Raises $200M from Hercules Capital to Scale Agentic AI and Global Finance Automation

Tipalti Secures $200M To Drive The Next Wave of AI in Finance Operations

Tipalti has raised $200 million in growth financing from long-time partner Hercules Capital, Inc. The funding will back continued AI and product development and support global expansion. It follows Tipalti's acquisition of AI-native treasury automation startup Statement and the rollout of a more agent-focused Tipalti AI.

The platform now embeds context-aware AI agents across payables, procurement, tax, and reporting. The objective is simple: reduce busywork, improve visibility, and keep human control over key approvals and payments.

What This Means For Finance Leaders

Tipalti's approach centers on practical AI that works with your existing controls. Teams can let agents handle routine work while retaining the right to review and override critical steps. That balance matters for auditability, compliance, and trust with business stakeholders.

AI Agents Built For Day-To-Day Finance

• Reporting Agent: Build custom reports with natural language prompts across suppliers, procurement, invoices, and payments. Refine parameters, filter data, adjust layouts, and save dashboards for real-time visibility.
• Tax Form Scan Agent: Speed up supplier onboarding with W-9 data extraction and automated checks that move approvals faster.
• Purchase Request Agent: Auto-generate complete purchase requests from brief descriptions. Connect to approval flows, support parallel approvals, and streamline communication.
• Branded Experience Agent: Create a consistent, branded payee onboarding experience with configuration that reduces friction.

Customers are seeing measurable impact. "Tipalti's AI capabilities have streamlined our operations tenfold... I can now generate reports instantly, clearly see approval workflows, and trust that the data is accurate every time," said Kanan Mammadov, VP of Procurement at Lantern Community Services.

Stronger AI Assistant For Faster Answers

The Tipalti AI Assistant has been upgraded to support both experts and new users. It combines Tipalti knowledge with advanced reasoning to answer complex questions in a chat interface. Teams can cut repetitive steps and get actionable insights directly from live financial data.

Momentum: Scale, Growth, and Coverage

Tipalti has passed $200 million in ARR and grew its customer base 30% year over year. More than 5,000 companies - including Calm, Udemy, AG1, and AppLovin - use the platform to reduce manual workloads, increase visibility, lower risk, and meet compliance at scale. The company processes payments at a $75 billion annualized volume, up more than 30% year over year, across the U.S., Canada, the UK, Benelux, Germany, the Nordics, Spain, and the broader EU.

Leadership cites trust, reliability, and long-term product investment as core advantages for mid-market finance teams seeking efficiency. As Catherine Jhung, Senior Managing Director of Hercules Capital, noted, the company pairs strong growth with meaningful product innovation - the mix businesses need in a market where efficiency and agility are baseline expectations.

Why It Matters For Your Team

• Shorten cycle times across intake, approvals, and payments without giving up control.
• Improve reporting quality with on-demand, self-serve insight generation.
• Reduce onboarding delays and error-prone data entry for suppliers and payees.
• Strengthen compliance and audit readiness with embedded controls.

Further Reading

Explore product details and updates on the official site: Tipalti.

If you're upskilling your finance team on practical AI tools, see this curated list: AI Tools for Finance.