Broad-based accounts payable (AP) management for midmarket-sized companies (up to 1,000 employees) is the business of Tipalti. There are an estimated 600,000 each of these companies in North America, Europe, and Asia. Tipalti began nine years ago. It was one of the pioneers of mass payouts for businesses that needed to make large numbers of relatively small-value payments on a cross-border basis. Tipalti is still the top mass payout platform provider ranked by transactions processed. In that business, it competes with Payoneer, Hyperwallet (owned by PayPal), Transpay (owned by Mastercard), ...