Tipalti completed the acquisition of Statement.

Tipalti, an AI-powered finance automation platform, completed the acquisition of Statement, a cash intelligence platform offering treasury automation solutions. Financial terms were not disclosed. "We are thrilled to join a global leader like Tipalti. We have a shared vision for transforming finance operations so our customers can focus on their business. Innovating in treasury with AI-driven automation has been our sole focus since day one. Our AI-native solution complements the Tipalti suite with capabilities to help businesses manage cash with ease. With Tipalti's global scale, we will be able to help more customers streamline complex cash management processes, optimize liquidity, and forecast cash flow with more confidence," Idan Vlodinger, Statement CEO and Co-Founder.