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Tipalti accelerates global expansion with new Toronto, Canada location

By Edlyn Cardoza

November 29, 2021

  • Accounts Payable
  • Approve.com
  • Canada
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Tipalti, FinTech, Toronto, Canada, Approve.comTipalti, the leading global payables automation company, recently announced that it will be opening new offices in Toronto, Ontario, Canada. This is the sixth global office for Tipalti, joining existing locations in San Mateo, California, Plano, Texas, London, England, Kibbutz Glil-Yam, Israel, and Vancouver B.C., Canada.

The new office is set to open January 1, 2022. Tipalti will initially hire 80 new team members in the office in 2022, and scale to 300 team members over the next two years.

“We are excited to add another office in Canada to further accelerate our rapid growth,” said Sam Barakat, Chief Revenue Officer, Tipalti. “Toronto is a technology hub and offers exceptional talent in the eastern region of North America.”

The opening of Tipalti’s sixth global office in Toronto comes following another year of accelerated growth. In 2021, the company acquired Approve.com (a leading cloud procurement solution), announced an AP-controlled corporate payment card, an integrated procurement and payables solution, and expansion of its financial operations capabilities. It also added integrations to expense management provider Expensify and with tax-filing provider Zenwork. The company maintained its best-in-class customer satisfaction rating of 98%, grew its revenue by 83% in the first half of 2021 relative to the first half of 2020, and grew to over 700 employees worldwide.

Tipalti comes from the Hebrew expression meaning “We handled it.” Tipalti is the only company handling both Accounts Payable and Mass Pay workflows for high-velocity 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. Tipalti enables high-growth companies to scale quickly by making payables strategic with operational, compliance, and financial controls. Companies can efficiently and securely pay thousands of partners and vendors in 196 countries within minutes. Thousands of companies, such as Amazon Twitch, GoDaddy, Roku, WordPress.com, and ZipRecruiter use Tipalti to reduce operational workload by 80% and accelerate the financial close by 25%, while strengthening financial controls and spend visibility.

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