Tipalti means
We Handled It.℠
We care about your growth as much as you do. At Tipalti, we believe that finance teams can only truly innovate when they are freed from the repetitive, mundane tasks that get in the way of scaling to the next level, influencing the business’ direction, and recruiting the best talent.
Our team—and the technology behind it—works to modernise your finance operations so your business can reach its full potential. That’s why we named our company Tipalti from a powerful Hebrew expression to tell them: We Handled It.℠
Tipalti’s leadership team
Chen Amit
Co-founder and CEO
Rob Israch
President
Sarah Dickens Spoja
Chief Financial Officer
Manish Vrishaketu
Chief Customer and Operating Officer
Wissam (Sam) Barakat
Chief Revenue Officer
Roby Baruch
Chief Product Officer
Dror Yosef
Chief Data Officer
Alice Davidson
General Counsel
Perla Stoeckert
Chief Compliance Officer
Des Cahill
Chief Marketing Officer
Ori Pearl
SVP of Engineering
Steve Hunt
Chief People Officer
Board members
Oren Zeev
Co-Founder & Chairman
Dovi Frances
Investor
Carl Pascarella
Advisor
Chen Amit
Co-founder and CEO
Chen is a veteran high tech executive and repeat entrepreneur. Prior to Tipalti, Chen was CEO of Atrica, a Carrier Ethernet company that Nokia-Siemens acquired. Before Atrica, Chen was co-founder and CEO of Verix, a provider of business intelligence software. At ECI Telecom, Chen founded their ADSL business unit and led it from inception to $100 million in annual sales. He earned a BSc from the Technion, Israel Institute of Technology and an MBA from INSEAD.
Rob Israch
President
Rob Israch is the President of Tipalti, helping to set the business, customer and growth strategy for the company. He previously led global marketing, alliances and the company’s Europe business, bringing over 20 years of leadership experience to the company. During Rob’s tenure, Tipalti has experienced 50X+ growth while helping the company receive a valuation of over $8.3 billion and becoming one of the select few companies in America to have made both the Deloitte Fast 500 and Inc 5000 lists for the last five years running. Prior to Tipalti, Rob served as VP, Global Marketing Programs at NetSuite, the leading provider of cloud-based Enterprise Resource Planning (ERP) software, helping to guide the company through 10X+ revenue growth, from a private company through IPO, to cloud ERP market leader. Previously, Rob held a variety of executive roles at Intuit QuickBooks and GE Capital.
Sarah Dickens Spoja
Chief Finance Officer
Sarah joined Tipalti in 2018 as CFO. In this role, she is responsible for global finance, global accounting and the legal organization at Tipalti in addition to related areas like fundraising, investor relations, and our financial infrastructure to scale globally. Prior to Tipalti, Sarah was a director at KKR Capstone, the portfolio operations arm of the Private Equity firm KKR, where she was a director at the firm and worked with portfolio companies in the Financial Services, technology and Retail Sectors, including First Data Corporation, a global merchant processor in the B2B payments space. 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.
Manish Vrishaketu
Chief Customer and Operating Officer
Manish Vrishaketu as Chief Operating Officer, brings over 18 years of extensive payments and fintech experience to the company. Vrishaketu is responsible for establishing and maintaining key banking and payment partnerships, while leading Tipalti’s global customer success, client onboarding, payment operations and support organizations. Most recently, Vrishaketu served as President of Americas at GoSwiff, a leader in mobile payments in emerging markets and prior to that, he was VP of Business Development and Product Strategy at Fiserv (Nasdaq: FISV) leading new market expansion initiatives in business to consumer (B2C) disbursements, bill payment and other electronic payment categories. Before Fiserv, Vrishaketu served as General Manager of CashEdge, a consumer and business payments technology provider to banks, where he introduced leading consumer applications to money movement and risk management and led their India division. During his tenure, the company grew its revenue tenfold, processing over $50B in payment volume annually, before it was acquired by Fiserv.
Sam Barakat
Chief Revenue Officer
Sam is a results-oriented executive and thought leader with over 18 years of successful sales and management experience in the financial and enterprise SaaS technology solutions space. Prior to Tipalti, Sam was Vice President at Blackline (a leader in financial close software) where he built and grew the mid-market business from the ground up. There he also scaled it in just over four years to become the fastest-growing sector within the organization representing 50% of BlackLine’s customer base. At Blackline, Sam was part of the executive team that grew the business from $50M revenue to an eventual IPO in 2016 with a $3B valuation. Prior to that, Sam was the GM and Vice President of sales at Infor a leader in ERP and Cloud Software products. Sam holds an MBA from Simon Fraser University and a BS from Concordia University.
Roby Baruch
Chief Product Officer
Roby is a serial entrepreneur with vast experience in the field of products and the internet industry. Prior to Tipalti, Roby was the VP Product of Snoox.com (a BBDO company), a social recommendations engine. Before Snoox, Roby was co-founder and VP Product of Cent2Cent, a content ecommerce platform who was later acquired by Unicell. Before founding Snoox, Roby worked at 888.com where he planned and designed their payment processing system, building a system that processed over $500M transactions annually. Roby served as an Officer at the prestigious IDF technological unit “Mamram”, where he fulfilled several leading positions. Roby holds a BA from the College of Management of Academic Studies.
Dror Yosef
Chief Data Officer
Dror is a highly skilled data expert with over two decades of experience across all areas of data, from architecture to analytics. A veteran Chief Data Officer, Dror has previously held the position at various organizations including Start.io (formerly StartApp), myThings and Fundbox, where he also served as the GM of Israel and CTO. Throughout his career, Dror has excelled at turning raw data into actionable insights and has played an essential role in aligning data strategies with business objectives to drive innovation and growth. Dror sits on the Advisory Board of Lama AI, an AI-powered lending exchange, helping businesses become data-driven and optimize their business strategies. He graduated summa cum laude from The Hebrew University of Jerusalem, where he holds dual Master’s degrees in Business Administration and Management and Statistics.
Alice Davidson
General Counsel
Alice is a Securities/M&A lawyer by trade with over 15 years of experience, including deep fintech, paytech and crypto expertise. Before Tipalti, Alice was the Chief Legal Officer at Mogo Inc. (a leading Canadian fintech), where she provided counsel for Mogo’s strategic initiatives, including acquisitions, investments, financings and partnerships, and led government relations. Over seven years, Alice led Mogo from a legal, regulatory and compliance perspective in launching all its products, expanding across Canada and listing on the TSX and NASDAQ. Prior to Mogo, she was an associate at Stikeman Elliott LLP, focused on public M&A, corporate finance and corporate governance. Alice holds a BBA from the Schulich School of Business and received her J.D. from the Allard School of Law at the University of British Columbia.
Perla Stoeckert
Chief Compliance Officer
Perla re-joined Tipalti in March 2023 as the Chief Compliance Officer. She has more than 15 years experience in financial services, including firms engaged in foreign exchange, online payments, funds transfers, and deposit operations. Prior to Tipalti, Perla served in executive global roles in risk and compliance at OFX, FXCM, and Commonwealth Foreign Exchange (MoneyCorp). She has managed risk and compliance operations in Asia, Australia, Canada, Europe, Middle East, U.K., and U.S. Perla received her Bachelor of Science in Chemical Engineering and a Minor in International Relations from the Georgia Institute of Technology and has earned Stanford University’s Graduate School of Business LEAD Certificate on Corporate Innovation.
Des Cahill
Chief Marketing Officer
Des is a seasoned executive-level marketing professional with extensive expertise in helping B2B SaaS companies scale by driving growth and innovation. Beginning his technology career at Apple, Des was a marketing leader for nine years, driving strategy for multiple product lines and initiatives. Following Apple, Des jumped into the world of SaaS cloud in Silicon Valley, holding senior marketing leadership roles at Autonomy, eFax.com and AOL/Netscape before taking on CMO roles at BridgeSpan, Ensighten and Kerio Technologies. Des was also the Founder and CEO of Habeas (acquired by Return Path), an email reputation and identity manager. Most recently, Des spent six years at Oracle as Group Vice President, Global Product Marketing for its Customer Experience Cloud business. There, he built Oracle’s global marketing function and led product strategy and messaging. Des holds an MBA from Apple University/ San Jose State University and a BS in economics from Union College.
Ori Pearl
SVP of Engineering
A developer through and through, Ori has been coding since age nine. Prior to Tipalti, he was with the Israel Defense Forces for nearly six years. He began as a software engineer, was promoted to Technical Lead, and eventually became the Head of R&D as an engineering group manager. He joined Tipalti in 2013 as a software developer and has since emerged with increasing responsibilities as team lead, Director of R&D, Vice President of Engineering, and now Senior Vice President of Engineering reporting to the CEO. Ori holds a B.Sc. degree in Computer Science from the Technion, Israel Institute of Technology.
Steve Hunt
Chief People Officer
Steve Hunt has over 25 years of diverse technology industry and people leadership experience across the UK, Asia, Europe, and the Middle East. As the Chief People Officer at Tipalti, Steve is responsible for the development and implementation of strategic people initiatives in support of the overall business plan and direction of the organization. Steve joined Tipalti from Citi, where he led the insourcing, design, and rollout of a new Talent Acquisition & People Insights operating model, and built a team of over 300 employees serving the 56 countries in its EMEA region. Before Citi, Steve worked at Coupang and was responsible for executing the transformation of its global recruiting organization located in Beijing, Mountain View, Seattle, Seoul and Shanghai. Steve has also held senior positions on the people leadership teams at Qatar Airways and Thales Group. Earlier in his career, Steve spent over a decade as a fintech headhunter, partnering with public and private software companies to build out their global leadership teams.
Oren Zeev
Co-Founder & Chairman
Oren is the Founding Partner of Zeev Ventures where he is the only partner and sole employee. Oren is the main early backer of a large number of companies who created or reinvented new categories in the b2c, b2b and fintech spaces. Oren currently serves on the boards of Tipalti, TripActions, Houzz, Next Insurance, Marble, FireBolt, Domestika, Sunbit, Homelight, among others. Past investments include Audible (acquired by Amazon) and Chegg (public). Prior to Zeev Ventures Oren was a senior partner at Apax Partners. Oren holds a BSc Cum Laude from the Technion, Israel Institute of Technology, and an MBA with distinction from INSEAD in France.
Dovi Frances
Investor
Dovi Frances is a financial services entrepreneur and the founding partner of Group 11 (f.k.a. SGVC), a venture capital firm based in Los Angeles, California. Over the course of his career, Dovi has invested over $500 million in some of Silicon Valley’s most prominent and disruptive financial technology companies, including TripActions, Next Insurance, Papaya Global, Addepar, Tipalti, Homelight, Sunbit, EquityBee, and Lili to name a few.
Prior to launching Group 11 in 2012, Frances worked for nearly a decade in the financial services industry; having managed an independent financial advisory firm, as well as having served as Vice President at Deutsche Bank AG Private Bank (NYSE: DB).
Frances currently serves on the Board of Tipalti, Homelight, Papaya Global, Sunbit, EquityBee, Lili, Venn, Masterschool, Sorbet, SMBX, Insurights, and Fintastic. He is also an Advisor to TripActions and Addepar, a member of the Advisory Council of Leumi Bank U.S., and serves on the Steering Committee of the Israel Collaboration Network (ICON).
Frances earned an MBA from UCLA Anderson School of Business and a BA in Management and Psychology from Ben-Gurion University.
Carl Pascarella
Advisor
Carl Pascarella is currently affiliated with TPG Capital as an Executive Advisor. Prior to that, he was President & Chief Executive Officer of Visa U.S.A. Inc. and a member of the Board of Directors of Visa International. Before assuming that position, he was President & CEO of Visa Asia Pacific Limited and Director of the Board. Prior to joining Visa, Mr. Pascarella was Vice President, International Division at Crocker National Bank and Vice President, Metropolitan Banking at Bankers Trust Company. His experience also included retail banking, commercial banking, corporate banking, credit review and policy, and DeNovo banking. Mr. Pascarella was also head of the California International Banking and Trade Finance organization for Crocker National Bank. Carl Pascarella received a Master of Science in Management from Stanford Sloan Program at the Graduate School of Business at Stanford University. He received his undergraduate degree from the University of Buffalo. Carl has been affiliated with the arts for over two decades and is currently Chairman of the San Francisco Ballet, Vice Chairman for the Fine Arts Museums and a life-time governor of the San Francisco Symphony.
We’re handling more and more
1000+
employees & growing
€47B+
in payments annually
€550M
total funding to date
40%
year-over-year growth
Join our team
Tipalti delivers smart payables that elevate modern business. We need thinkers, doers, innovators, and movers. If you excel in a fast-paced, get sh*t done environment that is relentlessly obsessed with solving problems, this is the place for you.
It all started with a problem: Business moved faster than payments
In 2010, we recognised that companies were hamstrung by outdated, time-intensive, and disparate payment systems. We decided to take a partner-first approach to modernise business, building a fully integrated payment system that helps hundreds of businesses save their time, energy, and expertise.
Company milestones
2023
- $60B+ in payments volumes annual run rate
- Expanded customer base to over 4,000 customers globally with 40% YoY growth, and the Partner and Alliances Program to 650 global partners with 300% YoY growth
- Maintained a 99% customer retention and 1% annual dollar churn
- Launched Tipalti Expenses and the physical version of Tipalti Card for U.S. customers
- Launched a localised solution for the EU and UK markets, and obtained an Electronic Money Institution (EMI) license from De Nederlandsche Bank
- Released 150+ features and improvements to the product suite, including AI-powered Tipalti Auto Coding and Ask Tipalti AI
- Appointed new senior leadership: Des Cahill, CMO; Alice Davidson, General Counsel; Steve Hunt, CPO; Dror Yosef, CDO
- Featured on the Inc. 5000 and Deloitte Fast 500 lists for the sixth consecutive year
- Included in CNBC’s inaugural “World’s Top Fintech Companies” list, recognised as a SaaS Awards finalist, Gold Winner of the Merit Awards for Technology and Gold Globee Winner for the Globee Awards for American Business
- Named to Spend Matters “50 to Know” list for the fourth consecutive year, and CRN’s Partner Program Guide for the second year in a row
2022
- Rob Israch promoted to President of Tipalti
- Expanded customer base to over 2,500 customers globally
- Grew employee base to over 1,100 employees worldwide
- Maintained 99% gross annual customer retention
- Launched Tipalti Card, a virtual card solution, for AP, POs & Cards
- Launched in EU with a new office in Amsterdam, Netherlands
- Expanded footprint in North America with new offices in Plano, TX and Toronto, Canada
- Featured on the Inc. 5000 and Deloitte Fast 500 lists for the fifth consecutive year
- Ranked #1 in AP Software by TrustRadius two years in a row
- Included in Spend Matters “50 to Know” list third year in a row
- Recognized by Midsize Enterprise Services (MES) “MES Matters: Key Vendors Serving the Midmarket”
2021
- Surpassed $36B in annual transactions.
- Tipalti received $250M in funding, resulting in reaching $8.3B valuation.
- Acquired Approve.com to add Procurement solution to offerings.
- Tipalti launched in the United Kingdom.
- 2021 TrustRadius’ Best of Finance Software for Accounts Payable.
- Reached over 700 employees.
- 2021 Fortune Best Workplaces in the Bay Area award.
2020
- Series E Funding: $150M.
- Valuation at $2B+.
- One of only 24 companies in America to have made both Deloitte Fast 500 & Inc 5000 for three years running.
- Named to Deloitte Fast 500.
- Named to Inc 5000.
- Surpassed $18B in annual transactions, grew revenue by 80%+.
- Named a leader in IDC Marketscape for Accounts Payable Applications 2020-2021.
- Opened offices in Vancouver, BC.
- Renewed brand identity.
- Reached over 350 employees.
2019
- Named to Deloitte Fast 500.
- Named to Inc 5000.
- Awarded Oracle NetSuite’s Partner of the Year and SuiteCloud SuiteApp of the Year
- Named Best Places to Work for the 3rd time in 3 years.
- Secured $76M in new funding for Series D round.
- Surpassed $8B in annual transactions and increased customer bookings by 250%.
- Introduced Tipalti Multi-FX services.
- Launched NetNow to accelerate payments.
2018
- Named to both the Deloitte Fast 500 and Inc. 5000 for the first time.
- Bay Area “Best Places to Work” awarded.
- Spend Matters named us a “Provider to Watch.”
- $5B in annual transactions and 3M supplier payees reached.
- $30M in new funding raised.
- Partner referral program launched.
- PO matching introduced.
- Multi-Entity support for NetSuite added.
- Office in San Mateo expanded.
- Introduced integration with QuickBooks Online.
2017
- IOFM “Game Changer” awarded.
- PayStream Advisors “Innovative Payments Technology” awarded.
- Bay Area “Best Places to Work” awarded.
- Touchless invoicing introduced.
- Expanded tax capabilities.
- Early payment automation added.
- Multi-Entity capability debuts.
- Tipalti Hub introduced.
- Tipalti Detect module updated.
2016
- “Built for NetSuite” status achieved.
- Additional $11M raised.
- Invoice automation workflow introduced.
- VAT compliance debuted.
- Early payment automation added.
- Multi-Entity capability debuts.
- HQ moved to San Mateo, CA.
2015
- More Global ACH capabilities added.
- W-8 tax compliance automation introduced (as prescribed by KPMG LLC).
2014
- $9M in funding raised.
- Supplier portal launch.
- Palo Alto, CA, HQ established.
2013
- Self-billing invoicing module debuts.
- SEPA Global ACH expansion.
- Risk management module debuts.
2012
- Mass payment platform product launch.
- First online marketplace and adtech customers sign on.
2010
- Tipalti founded.
- Office in Herzliya, Israel.
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