Today B2B fintech provider, Tipalti, announced the closing of a $30 million Series C financing round led by Zeev Ventures. The solution-provider has earned a collective $50 million, which will all be focused on growing its innovation and improve its position as a leader in the accounts payable automation space, a company spokesman said.“By modernizing the finance operation, we typically automate 80 percent of an organization’s AP and cross-border payments workload, freeing the finance team to focus on mission-critical initiatives, such as scaling their business globally and improving their company’s competitiveness and profitability,” said Chen Amit, chief executive officer and cofounder of Tipalti. “This funding round enables us to continue our track record of innovation to transform the entire accounts payable operation.”Centered on delivering an automated, cloud-based payable platform to support chief financial officers scale and grow operations while reducing risk threats and redundancies manifested by inefficient, legacy systems. According to the spokesman, Tipalti processes more than $4 billion in transactions annually across nearly two million global suppliers.“It was a relatively easy decision to continue investing in Tipalti. It is extremely rare to have the opportunity to invest in a category leader. Tipalti is really changing the way B2B payments are being done, helping companies manage their cross-border payment, supplier and compliance operations,” said Oren Zeev, founding partner of Zeev Ventures and chairman and cofounder of Tipalti.This round of funding will be garnered toward further services its customers with optimizing AP operations, accelerating Tipalti’s product innovation and maintaining user satisfaction.“As organizations mature, accelerate growth and go global, manual payments and accounts payables processes no longer scale. There is simply no way that the cfo of the future will continue spending a huge proportion of their team’s time and resources manually managing B2B payment operations, introducing risk into their organization at every step along the way. This is the problem that Tipalti uniquely solves, and our dedication to transforming AP is what will fuel our ongoing success,” Amit said.
"'Dynasty' is all about gowns, the diamonds and the scandal, so it's a bit like the fashion industry. When we come to Cannes it's all about the red carpet dresses too, so it all fit really well," said designer @philippplein78 on the theme of his high-glamour resort 2019 show at his mansion in Cannes. #wwdfashion #cannes (📷: @zefashioninsider)
"I think Spike is such a brilliant director because he holds up a mirror to society and reflects these issues, yet he doesn't shove it down your throat, he doesn't tell you what to think," says @lauraharrier on her latest film @Blackkklansman. Harrier was at the Cannes Film Festival – for the very first time – with @officialspikelee. #wwdeye #cannes (📷: @zefashioninsider)
“I would think to myself, Are you happy? Yes, I’m wildly happy. I go to this studio every day and, in my inside voices, I’m giggling; I’m singing. Yes, it’s a lot of work, it’s a [huge] volume of material. It wouldn’t be for everybody. But I was very happy,” said soap opera star @therealsusanlucci of checking in throughout the years with her career trajectory. Lucci spoke to WWD about her decades-long career, love for pilates, motherhood and her QVC activewear line. Read Bridget Foley’s full piece on Lucci on WWD.com #wwdfashion (📷: @celestesloman)
@balmain has taken a stand at the #cannes Film Festival, dressing 16 actresses at a press call for the project “Noire N’est Pas Mon Metier,” or “Black Is Not My Profession.” The multimedia project includes a book, photo exhibit and documentary, which aims to expose discrimination in the French and American entertainment industries. “The moment I was asked to participate, I knew it was right for me, and for this brand, to form a part of this moment,” Balmain creative director @olivier_rousteing told WWD. #wwdnews #wwdfashion
"I always feel curious and I feel like there's more to learn. But I think being relevant, feeling relevant, I personally always feel that there's just so much more to know. And maybe that's the key.” — @themarcjacobs #wwdsummits #wwdbeauty (📷: @patrickmacleodphoto )
“The most amazing thing about her is that, regardless of all the things that have happened to her, her spirit is so undaunted by all of it. She is the most cheerful person you will ever meet. She doesn’t see problems, she only sees solutions,” said @ajanaomi_king of activist Ifrah Ahmed, who she plays in a new film “A Girl from Mogadishu.” WWD caught up with King at Cannes — Head to WWD.com to read more about her new role, personal style and how she uses social media for causes like Time’s Up and Black Lives Matter #wwdeye
WWD asked a number designers to share their thoughts on what Meghan Markle’s wedding gown will look like this Saturday. Here, Valentino’s Pierpaolo Piccioli sketches his look. #wwdfashion #royalwedding #meghanmarkle