Finance automation firm Tipalti announced the launch of its localized solution for the Canadian market and registration as a money services business (MSB) with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), marking a key milestone in its international expansion.
Since establishing a presence in Canada with its Vancouver office in 2020 and its Toronto office in 2022 to support its US headquarters, Tipalti has grown its Canadian workforce to “over 300 employees and serves more than 100 customers in the region, including Article, The Fertility Partners, and TouchBistro.”
Building on its expansions in the UK and Europe, this launch furthers Tipalti’s commitment to “supporting high-growth businesses worldwide.”
With demand for streamlined financial processes rising, Tipalti’s automated accounts payable and global payables solutions “address these critical pain points.”
Research shows that nearly 60% of Canadian finance leaders “find tedious manual workflows as a barrier to strategic work, with an additional 40% reporting lost productivity due to these inefficiencies.”
Tipalti’s solutions reduce these challenges, helping finance teams unlock greater operational efficiency and focus “on growth-driving initiatives across their organizations.”
Tipalti’s localized Canadian product caters to the needs of high-growth companies with tailored capabilities, including support “for Electronic Funds Transfer (EFT) and Canada-domiciled funding accounts, which enable local bank transfers.”
These enhancements simplify supplier payment workflows and reduce friction, empowering businesses across Canada to “streamline their finance operations and achieve greater scalability.”
Sam Barakat, Chief Revenue Officer at Tipalti said:
“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. Our localized offering and strategic financial partnerships equip Canadian companies with the tools they need to modernize workflows, improve efficiency, and foster growth.”
As clarified in the update, Tipalti’s services are not currently available in Quebec.
As covered, Tipalti is a finance automation company helping finance teams drive business growth by “automating and streamlining accounts payable, mass payments, procurement, and employee expenses in one connected suite.”
Tipalti takes the complexity, cost, and risk out of financial workflows, making it easy for finance teams “to collaborate with employees and suppliers.”
Tipalti partners with banks and financial institutions such as Citi, Wells Fargo, J.P. Morgan and Visa, enabling companies to “securely pay millions of suppliers across 196 countries, over 50 payment methods, and 120 currencies.”
Firms reportedly use Tipalti’s solutions to “reduce their manual finance workload by 80% and accelerate close by 25%, all while strengthening financial and spend controls.”