Israeli fintech Tipalti announced that it has raised $150 million in credit financing from JPMorgan Chase Bank and Hercules Capital.

Tipalti raised a $270 million in 2021 at a valuation of $8.3 billion that brought the company's total funding to over $550 million.

Tipalti provides services to companies across the entire financial operations cycle: onboarding and managing global suppliers, instituting procurement controls, streamlining invoice processing and approvals, executing payments around the world and reconciling payables data across a multi-subsidiary finance organization. Companies can pay thousands of partners and suppliers in 196 countries through Tipalti.

Amazon Twitch, GoDaddy, Roku, WordPress.com, and ZipRecruiter use Tipalti to reduce operational workload by 80%, according to the company.

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