$8.3B Unicorn Tipalti Cuts Jobs Again as Strategy Shifts
Hey Payments Fanatic!
The Israeli payments unicorn valued at $8.3bn is letting go of dozens of employees, marking its second major cut since laying off 123 people in 2023.
“We are reorganizing two of our divisions” CEO Chen Amit told Calcalist. “In sales, we are focusing on mid-market customers and reducing our exposure to small customers. In development, (...) we are unfortunately parting ways with a number of people.”
This follows Tipalti’s acquisition last month of Statement, a company known for AI-powered cash flow tools, in a deal estimated at $30 million.
But the story doesn’t end here. Scroll down for more details 👇
See you on Monday!
Cheers,
P.S. Follow me on Threads for daily scoops!
INSIGHTS
📊 Unlocking the MSME payments market. Across the Asia-Pacific region, micro, small, and medium-sized enterprises account for more than 97% of the total number of businesses. They contribute significantly to the region’s economic development and play key roles in driving innovation and competition.
NEWS
🇬🇧 Solidgate teams up with Tuum to power global money movement. Tuum Solidgate Treasury marks a major step in powering global B2B payments through modern FinTech infrastructure. This partnership enables seamless cross-border transactions for digital businesses, offering speed, scalability, and security.
🌏 Ecommpay empowers global businesses to unlock the Asian market. The payments platform is enabling businesses worldwide to capitalise on the booming digital economy of Asia with a wide choice of Alternative Payment Methods that are popular across the region. This strategic move addresses the increasing demand for localised payment options and facilitates seamless expansion for merchants.
🇺🇸 Taktile named Category Leader in G2’s Summer 2025 Report for the fourth time in a row. This achievement reflects the strong feedback from customers who rely on Taktile’s platform to enhance decision-making processes. As risk teams increasingly prioritize automation, self-service, and experimentation, the need for agile, AI-powered decision infrastructure continues to grow.
🇬🇧 Pinterest selects Checkout.com to strengthen global payment performance for its clients. The company will help Pinterest deliver a better payments experience for its advertisers, supporting its mission to bring everyone the inspiration to create a life they love.
📰 Fulfilling the Promise: Making Real-Time Payments a Reality. This article examines the increasing influence of real-time payment networks. ACI Worldwide and Global Data forecast the market to grow at a 63% annual rate through 2027, reaching $511 billion in annual transactions. Despite healthy adoption, more is needed.
🌎 Mastercard unveils AI Card Design Studio: A smarter, faster way to design your perfect card. The tool enables the creation of stunning cards with a single click, streamlining market readiness and enhancing brand impact. Read more
🌎 Mastercard expands global relationship with Uber to enhance payment experiences for drivers, couriers, and consumers. “This partnership connects over 3.5 billion cards and more than 150 million merchants that accept Mastercard globally, together with Uber’s community of over 8.5 million earners and 170 million users worldwide,” said the co-president, Global Partnerships at Mastercard.
🇺🇸 Tether eyes the US market return. Tether CEO Paolo Ardoino said that his company is developing plans to serve US institutional clients following President Trump's approval of new stablecoin regulations last week. The El Salvador-based firm would target banks and trading firms rather than retail users, Ardoino said.
🇧🇷 Pix data of 11 million people leaked; access to accounts was preserved. The CNJ states that the incident that occurred between Sunday (20) and Monday (21) caused the leak of data from 11,003,398 people. Data such as the person's name, Pix key, bank name, branch number, and account number was accessed.
🇮🇪 FinTech firm PayPal to create 100 new jobs in Ireland. The 100 new positions will be in highly skilled data science roles, spanning a range of specialties, including AI engineering, data science, software development, risk modelling, and cybersecurity.
🇺🇸 PayPal and Wix advance a strategic relationship to deliver a unified payment experience for merchants. With the integration, PayPal is now available directly in the Wix Payments platform. Merchants can connect their PayPal Business account and manage all transactions from a single dashboard alongside their Wix activity.
🇮🇱 Tipalti lays off dozens as FinTech unicorn shifts sales focus. This marks the company’s second significant round of layoffs, following a cut of 123 employees in January 2023. Tipalti currently employs about 1,000 people and is estimated to have recently raised around $100 million in credit.
🌍 dLocal and RizRemit team up to accelerate cross-border remittances across Africa and Asia. This collaboration empowers faster, more reliable delivery through popular eWallets and local bank rails. Through the integration with dLocal, RizRemit is gaining the tools to make delivery simpler and more in tune with how people move money.
🇿🇦 Visa opens first Africa data centre in Johannesburg. "Visa continues to be very committed to the growth of the economy on the continent and building the data centre, which is frankly one of the very few that are built outside of our core locations, which are the U.S., the UK, and Singapore, is evidence of this commitment," Michael Berner said.
🇧🇷 iFood wants to buy Alelo. With negotiations to acquire Alelo in advanced stages, iFood aims to accelerate its growth in the sector and become a key player in this space. And in the process, support the ambitious goals of Prosus. Read more
🇬🇧 Trustly and Virgin Media O2 partner to revolutionise payments with cutting-edge pay by Bank Solutions. The partnership will enable VMO2 to streamline payments and onboarding processes as part of its commitment to making customers’ lives easier.
🇬🇧 Clear Junction launches on-chain stablecoin transfers service for regulated institutions. The service allows clients to send, receive, and convert stablecoins, starting with USDC (Circle) and USDT (Tether), across the Ethereum, Solana, and Tron blockchain networks.
🇨🇱 Mercado Pago launched a buy now, pay later model. To offer a financial option to the 10 million people who currently lack Access to credit cards or cannot pay in installments. The model allows users to pay in fixed installments without the need for a credit card or bank paperwork.
🇺🇸 ED files Rs 913-crore FEMA violation case against FinTech Simpl. The company received foreign investment for technology-related products and services, but used it for financial services without the approval of the government or the regulator, the ED alleged.
🇺🇸 New Samsung Wallet feature offers more flexible payment options, powered by a partnership with Splitit. The new feature offers greater flexibility and convenience when paying in-store with Samsung Wallet, allowing customers to separate their purchases into smaller payments. Users in select states beginning July 25, with expansion to all states planned by the end of 2025.
🇺🇸 Wise co-founder accuses £10bn FinTech of 'misleading' investors. Taavet Hinrikus's investment vehicle, Skaala, said Wise's claim that its proposals to extend its dual-class share structure by a decade when it moves its main listing to the US should have been updated through a formal stock exchange announcement.
Want your message in front of 100.000+ FinTech fanatics, founders, investors, and operators?
Shoot me a message on LinkedIn or send me an e-mail.
Comments ()