Tipalti got $150 million in new funding and a valuation of $2 billion. That puts the San Mateo, California-based FinTech well into “unicorn” status, meaning it’s worth more than a $1 billion valuation.
The funding round was led Durable Capital Partners, of Chevy Chase, Maryland, with participation from Greenoaks Capital and current investor 01 Advisors, according to a press release. Tipalti said it will use the money to “accelerate its growth path. This growth will be fueled by increasing the developer, product management, customer operations, sales and business development headcount.”