Israeli fintech unicorn Tipalti, a leading AI-powered finance automation platform, has announced the acquisition of Statement, an AI-native treasury automation provider. This strategic move, signed amidst ongoing regional tensions, aims to enhance Tipalti's offerings with advanced real-time cash flow management capabilities.
The deal, estimated to be valued between $10-20 million, marks another milestone in Tipalti's expansion strategy. Statement's technology will integrate with Tipalti's existing suite, providing businesses with real-time cash intelligence and AI-driven forecasting tools to optimize financial operations.
Founded in Israel, Tipalti has rapidly grown into a global fintech leader, boasting a valuation of over $8 billion following significant investments in recent years. The company serves high-profile clients such as Amazon and Twitter, processing billions in transactions annually.
Statement, also an Israeli startup, brings cutting-edge treasury automation solutions to the table. Its platform offers enhanced visibility into cash flows, a critical need for businesses navigating economic uncertainties. This acquisition is expected to solidify Tipalti's position in the competitive fintech landscape.
Industry experts view this all-Israeli deal as a testament to the country's thriving startup ecosystem, even during challenging times. The integration of Statement's technology is anticipated to deliver innovative financial tools to Tipalti's global clientele, further automating complex finance processes.
As Tipalti continues to scale, this acquisition signals its commitment to leveraging AI technology to address modern financial challenges. The company aims to set new benchmarks in finance automation, with plans to roll out enhanced features in the near future.
Andrew Lee
