Tipalti, the AI-powered finance automation platform, has secured $200 million in growth financing from long-time partner Hercules Capital, Inc. (NYSE: HTGC). The funding will accelerate Tipalti’s global expansion and advance its AI-driven finance automation capabilities, building on the company’s recent acquisition of AI-native treasury startup Statement.

The updated Tipalti AI now features more context-aware, agentic capabilities designed to automate repetitive finance tasks, surface richer insights, and enable teams to focus on strategic priorities. Embedded across Tipalti’s suite of automation tools, the AI empowers finance professionals with control over approvals and critical decisions while enhancing operational efficiency.

Agentic AI for Modern Finance Operations

Tipalti’s AI Agents tackle a range of finance workflows:

• Reporting Agent: Generates customized reports via natural language prompts, pulling actionable insights from invoices, procurement, and payment data.
• Tax Form Scan Agent: Automates supplier onboarding and W-9 compliance for faster approvals.
• Purchase Request Agent: Auto-generates purchase requests, integrates approval workflows, and streamlines communication.
• Branded Experience Agent: Provides AI-powered, consistent, and fast payee onboarding experiences.

Kanan Mammadov, VP of Procurement at Lantern Community Services, praised the platform: “Tipalti’s AI capabilities have streamlined our operations tenfold. I can generate reports instantly, clearly see approval workflows, and trust that the data is accurate every time.”

Enhanced AI Assistant for Finance Teams

Tipalti also upgraded its AI Assistant, offering conversational, collaborative guidance to finance teams. The assistant interacts with complex financial data, automates repetitive workflows, and delivers actionable insights through an intuitive chat interface, allowing teams to work faster without manual multi-step processes.

Momentum and Global Expansion

Tipalti’s growth comes amid strong market performance, surpassing $200 million in annual recurring revenue (ARR) and expanding its customer base by 30% year-over-year. Its platform supports over 5,000 companies, including Calm, Udemy, AG1, and AppLovin, processing $75 billion in annualized payments across the U.S., Canada, the UK, Benelux, Germany, the Nordics, Spain, and the broader EU—a more than 30% YoY increase.

“Crossing the $200M ARR threshold reflects the growing urgency for finance operations efficiency globally,” said Chen Amit, CEO and Co-founder of Tipalti. “As an innovation leader, we’re redefining what’s possible for modern businesses through AI, enabling finance teams to scale smarter and focus on high-impact priorities.”