Tipalti's Chief Customer and Operating Officer, Manish Vrishaketu, will lead the new Plano office. "We think the Plano location will help us attract the best and brightest talent to join our rapidly growing global team."
"We are extremely excited and proud to welcome Tipalti to the City of Excellence," said Plano Mayor John Muns. "Plano continues to attract world-class businesses looking for the perfect place for their employees to live, work and play. This latest move speaks volumes about our City continuing to provide a friendly business climate for companies to relocate or expand. Tipalti is named after a Hebrew expression: 'We handled it.' In the same spirit, the City of Plano 'handled it' too by successfully attracting yet another outstanding global business."
The opening of Tipalti's fourth global office comes after another year of rapid growth. The company raised $150 million in a Series E round of funding, 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 added 191 employees around the globe in the first half of 2021, bringing the total number to nearly 600. 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, Oscar Insurance, Roku, Wordpress.com, and ZipRecruiter use Tipalti to reduce operational workload by 80 percent and accelerate the financial close by 25 percent, while strengthening financial controls and spend visibility.
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