Payments platform
Tipalti provides a suite of finance automation solutions for accounts payable, global payouts, procurement, employee expenses, corporate cards, supplier management and tax compliance. With the acquisition of Statement, the platform now adds treasury functions to its capacities.
"I am excited to welcome Statement to the global Tipalti team and to accelerate our treasury capabilities with powerful AI innovation for finance teams around the world," said Chen Amit, CEO and co-founder of Tipalti. "For many global businesses in today's economy, getting complete and instant cash flow visibility across bank accounts, systems, entities and currencies is very complex. Together, we have a unique opportunity to evolve our customers' treasury operations into a key business driver, empowering them to take control of their cash flow and maintain real-time visibility of their business finances. This addition to our finance automation suite furthers our mission to elevate how finance teams operate in the global economy."
Statement, which uses machine learning AI, automates and streamlines the manual processes of cash position visibility, cash flow forecasts and cash insights across many types of platforms, such as banks, ERPs, billing tools and databases.
For Tipalti customers, Statement Treasury is available immediately as a standalone solution. In the coming months, Tipalti plans to fully integrate Statement Treasury into its platform. Meanwhile, for Statement customers, nothing changes. They can keep using Statement with no disruption to access or functionality.
In a later email, Amit said that Statement will operate independently as a part of Tipalti while they build a thoughtful integration plan, for now. In the coming months, Tipalti plans to fully integrate Statement Treasury into Tipalti's platform.
Amit added that as part of the deal, Tipalti is taking on leadership and staff from Statement to retain access to their expertise.
"The Statement team brings decades of valuable experience to Tipalti. Their product design is AI-native, bringing both a valuable set of product capabilities and a team that has deep AI innovation expertise. They have reimagined legacy treasury operations for modern businesses and brought advanced functionality to mid-market businesses," he said in the email.
The deal was signed on June 16, 2025, and is expected to close shortly. Terms of the acquisition were not disclosed.
