Tipalti Takes $13M To Automate Mass Payments

Agoura Hills-based Tipalti, a developer of software to automate mass payments--for example, for affiliate advertising firms and marketplaces--has raised $13M in a funding round, according to the company. The Series B funding came from Wicklow Capital. The startup, which is led by Chen Amit, automates payments in the crowd for companies who have a large number of people they need to pay small amounts on a regular basis. The company says its customers include Chartboost, TouchofModern, PulsePoint, Disqus, Matomy, A4D, MUNDOmedia, Perion Codefuel, ClickDealer, Infolinks, and Tapjoy, and that it now is processing over $1 billion in payments annually. More information »