Market Overview

Tipalti Accelerates Steep Growth Trajectory, Surpassing $5 Billion in Annual Transactions and 3 Million Suppliers on Payables Platform

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Tipalti appoints Sarah Dickens Spoja as CFO and recognized as Inc.
5000 Company

Tipalti,
the leading global payables automation platform, today announced that it
has surpassed $5 billion in annual transactions, with over 3 million
suppliers onboarded on the platform. These milestones came as Tipalti
more than doubled new business bookings in Q2 2018 versus Q2 2017 and
became licensed as a Money Transmitter in every state in which it's
required.

Tipalti's momentum has been further bolstered through its recognition as
an Inc. 5000 company ranking #1559 on the list and the crucial hire of
Sarah Dickens Spoja as CFO. A veteran of the financial industry, Sarah
has joined Tipalti from KKR Capstone where she worked with portfolio
companies in the Financial Services and Retail Sectors, including First
Data Corporation and Academy Sports + Outdoors. During her 4 years at
First Data Corporation, Sarah was pivotal in the acquisition of Clover
Network Inc., a mobile POS merchant processing solution, and helping to
scale the start-up and commercialize the product through First Data's
major bank of relationships in the US. Prior to joining KKR, Sarah
worked at Bain & Company in Boston and Sydney. She holds a B.A. from
Williams College in both Mathematics and Economics and an M.B.A. from
Stanford University Graduate School of Business.

"We're thrilled to have Sarah join our team during an extremely exciting
time for the business," said Chen Amit, CEO and co-founder of Tipalti.
"Her deep finance and operational expertise and knowledge of scaling
companies will be crucial for us as we continue making fast headway
toward our mission of freeing finance from manual payables operations,
so that CFOs can focus finance on driving strategic impact for their
businesses. We've only just started to scratch the surface of this $90
billion global market and our dedication to transforming AP will
continue to fuel our ongoing success."

During this period of rapid growth, including Tipalti's most recent $30
million Series C round of funding in February, the fintech provider has
also moved into a new office space in San Mateo to accommodate the
expanding team. The new space almost doubles that square footage of the
previous office and maintains Tipalti's enjoyable work culture,
evidenced by its recognition earlier this year by the San Francisco
Business Times and the Silicon Valley Business Journal as a "2018 Bay
Area Best Places to Work". The winners were rated the highest by their
employees in such areas as fun, collaborative culture, compensation,
benefits and other amenities as well as management practices.

For more information, visit https://tipalti.com.

About Tipalti:

Tipalti
is the only payables automation solution to streamline all phases of the
accounts payable workflow in one holistic cloud platform. Tipalti makes
it painless for finance departments to manage their entire AP and
supplier payments operation. Leading companies use Tipalti to eliminate
up to 80% of their supplier payments workload, helping them scale their
business efficiently with global growth, while strengthening financial
and tax compliance controls. Hundreds of companies trust Tipalti to
transform their supplier payment operations including Amazon, Roku,
Zumba, Docker, Twitter, GoDaddy, and Vimeo.

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