Tipalti is to launch a base in mainland Europe following explosive growth in the UK.
The California FinTech opened its London operations less than 12 months ago and has already won more than 100 UK-based customers.
The unicorn, valued at $8.3 billion, has also built a team of almost 100 people in the UK across engineering, sales, customer success and compliance.
Tipalti, an automated global payables solution for finance teams, will now open a Benelux office in Amsterdam, creating 50 jobs in the next three years.
Among its customers is Tier Mobility, Europe’s leading shared micro-mobility provider, which has reached more than 500 employees in under three years.
“The UK launch was a huge milestone for Tipalti and adoption has exceeded our expectations,” said Rob Israch, general manager Europe of Tipalti.
“We already see a lot of demand for our solutions in mainland Europe and by opening up our EU market, this presents even greater opportunities for growth while also strengthening our solutions for our UK and US clients.
“Building on our momentum in the UK and the US, we know Tipalti’s technology has a real impact on businesses who have a desire to scale. Now more than ever, businesses need to work efficiently to ensure they have a long-term solution that drives sustainable growth and frees time for finance to guide strategy and agility.”