Tipalti Secures $200M from Hercules Capital to Advance Agentic AI and Finance Automation

Tipalti Secures $200M to Accelerate AI for Finance Teams

Tipalti has raised $200 million in growth financing from Hercules Capital to double down on AI and product innovation, while scaling its global footprint. For finance leaders, the signal is clear: agent-based automation is moving from experiment to execution.

Following its acquisition of AI-native treasury startup Statement, Tipalti introduced a refreshed, agent-focused approach to Tipalti AI. The platform embeds context-aware agents across procurement, payables, onboarding, tax, and reporting-so your team can move faster without giving up oversight.

Automation with guardrails

Tipalti's AI agents are built to cut busywork and surface insights while keeping finance in control. Teams can review and override decisions on high-stakes steps like approvals and payments. Controls work alongside the agents, not around them.

What the new AI agents handle today

• Reporting Agent: Create on-demand reports with natural language prompts. Filter by supplier, procurement, invoice, or payment data; adjust layouts; and save dashboards for real-time visibility.
• Tax Form Scan Agent: Extract W-9 data during supplier onboarding to speed up tax compliance and approvals.
• Purchase Request Agent: Auto-generate complete purchase requests from short descriptions, connect approval flows (including parallel approvals), and reduce back-and-forth.
• Branded Experience Agent: Deliver a consistent, branded payee onboarding flow with AI-driven customization to cut friction.

AI Assistant: a practical copilot for finance

The upgraded Tipalti AI Assistant brings deeper product knowledge and stronger reasoning into a conversational interface. It answers complex questions, triggers repeatable workflows, and engages with live financial data-helping both experts and new team members make quicker, better decisions.

Customer impact

"Tipalti's AI capabilities have streamlined our operations tenfold. With invoice capture and real-time reporting, my team has complete visibility into approvals, coding history, and potential errors. 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.

Signals from scale

$200M ARR and consistent YoY growth point to strong demand for finance automation. Tipalti serves over 5,000 companies, including Calm, Udemy, AG1, and AppLovin.

The company processes payments at a $75B annualized volume, up more than 30% YoY, across the U.S., Canada, the UK, Benelux, Germany, the Nordics, Spain, and the broader EU.

Leadership frames the moment around trust, reliability, and measurable outcomes for mid-market teams-using intelligent automation to scale without adding headcount.

Why this matters for finance leaders

Agent-based automation can remove hours of manual work across reporting, onboarding, approvals, and compliance. The advantage is compounding: faster cycles, fewer errors, tighter controls, and better visibility.

The ceiling rises further when the assistant and agents operate on shared data and policies. That's where AI stops being a feature and becomes infrastructure for the back office.

Where to plug in first

• High-volume workflows: invoice capture, PR intake, and tax checks.
• Bottlenecked approvals: set clear thresholds for AI suggestions vs. human sign-off.
• Executive reporting: use natural language reporting to standardize weekly insights.
• Onboarding: apply branded, guided flows to reduce supplier and payee drop-off.

Learn more

See Tipalti's AI Agents and use cases: tipalti.com/ai

Exploring broader AI options for finance operations? Browse curated tools: AI tools for finance

About Tipalti

Tipalti is an AI-driven finance automation platform for mid-market businesses, covering accounts payable, global payouts, procurement, employee expenses, corporate cards, supplier management, tax compliance, and treasury. The company partners with institutions such as Citi, Wells Fargo, J.P. Morgan, and Visa to help more than 5,000 companies pay millions of suppliers and payees across 200+ countries and territories in 120 currencies.