Payment Automation Startup Tipalti to Double Israeli Workforce

payment automation startup Tipalti Solutions Ltd. is intending to double the number of employees at its Israeli research and development center from about 50 developers to 100 over the next 18 months, the company announced Tuesday. Tipalti, founded in 2010, operates a cloud-based payment automation platform, counting Amazon, GoDaddy, and Twitter among its clients. The company recently announced it had passed $5 billion in annual handled transactions. Tipalti completed a $30 million Series C round in February, bringing its total funding to over $50 million.

Tipalti CEO Chen Amit. Photo: PR