Tipalti is doubling down in Canada.
The California-born finance automation company has officially registered as a money services business with the Financial Transactions and Reports Analysis Centre of Canada, the country’s financial intelligence and anti-money laundering unit.
Tipalti is no stranger to Canada. The fintech opened an office in Vancouver back in 2020 and followed that up with a second Canadian office in Toronto in 2022.
“With Canada’s economy projected to grow significantly in 2025, adopting innovative finance automation solutions is more important than ever for businesses aiming to increase their competitive edge,” stated Sam Barakat, who serves Tipalti as Chief Revenue Officer.
Tipalti already serves more than 100 Canadian customers, including TouchBistro and Article, as the company seeks to deepen its presence within the nation.
“Our localized offering and strategic financial partnerships equip Canadian companies with the tools they need to modernize workflows, improve efficiency, and foster growth,” said Barakat.
The Foster City fintech is using Canada as a launchpad for international expansion and as a basecamp from which to support its next phase of growth. The company already boasts over 300 employees north of the border with plans to hire more in 2025.
“We are thrilled to continue making significant investments in the region and solidify our role as a trusted partner for Canada’s fastest-growing businesses,” Barakat said.
Tipalti’s automated accounts payable and global payables solutions address critical pain points such as time lost to tedious manual workflows and other productivity-eating inefficiencies. The fintech’s “enhancements simplify existing supplier payment workflows and reduce friction, empowering more businesses across Canada to streamline their finance operations and achieve greater scalability,” according to a statement from the firm.
Partnering with blue-chip banks and financial institutions such as Wells Fargo, J.P. Morgan, and Visa, Tipalti enables global companies to pay millions of suppliers across 196 countries, 50 payment methods, and 120 currencies.
