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Payments Companies Raises $13 Million

Tipalti, a known provider of cloud pay-outs management automation platform, recently raised $13 million in a Series B funding round. Tipalti plans to use the fresh funds to make aggressive sales and marketing efforts, invest in product development and R&D, and further expand its business to new verticals and markets. The company currently serves more than 250,000 payees processing over $1 billion annually. Tipalti’s client base includes Chartboost, TouchofModern, PulsePoint, Disqus, Matomy, A4D, MUNDOmedia, Perion Codefuel, ClickDealer, Infolinks, and Tapjoy.

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