Israeli payment automation platform Tepalti has announced the acquisition of Approve.com, a cloud-based procurement solution provider, to expand its portfolio of financial operations offerings. “Together, Tipalti and Approve.com will provide finance leaders with seamless, modern and advanced solutions to streamline manual processes that will enable their high-speed clients to realize their vision,” the two companies announced. Financial details of the deal were not disclosed. Related articles, Chen Amit, co-founder and CEO of B2B Israeli company, Tipalti, a financial technology company in Israeli B2B, said it is raising $ 150 million in digital payments, and Payoneer has identified the merger of SPAC at $ 3.3 billion. Expand more efficiently, focus more of its resources on driving corporate strategy, improve company-wide spending visibility, and significantly strengthen its spending and financial controls. Purchasing is an important part of our long-term product vision. Approve was founded in 2019 by Bar Winkler, Shlomy Amsalem, and Amit Mittelman. Six months ago, the company announced a $ 5 million seed funding round led by Fund A. Its 19 employees will join Tibalti and will initially remain in their offices at Tel Aviv The Tipalti development center is located in Kibbutz Jalil Yam, next to Herzliya. 160 of the 480 employees of Tibalti are in Israel. The company was founded in 2010 by Chen Amit and Oren Zeev. The money is worth more than $ 2 billion. It claims its technology reduces the workload of the payment departments of the enterprise by 80%. Posted by Globes, Israel business news – en.globes.co.il – April 13, 2021 © Copyright Globes Publisher Itonut (1983) Ltd. 2021
Tipalti buys Approve.com in the entire Israeli fintech merger
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