With the launch of the Tipalti Card, the company said it wants to help companies easily manage their spending, cut costs and boost profitability. The card enables businesses to create and control employee debit and credit cards, manage purchases in one hub and use other software tools, such as Tableau BI and Datarails, per the announcement.

Tipalti highlighted Israch's lengthy history at the company and prior experience elsewhere. Israch has managed the company's international marketing operations since 2014 and shepherded its entry into the U.K. in 2021. Prior to joining Tipalti, he was vice president of global marketing programs at NetSuite and served in marketing leadership positions at Intuit and GE, the company said. 

Besides promoting its new president and releasing a new card, the company has also been gaining ground in the U.K. and seeks to expand its physical footprint. After entering the U.K. last year, the company has attracted more than 100 U.K.-based customers, the company said. It also noted that it has opened more offices in the Netherlands and plans to focus on the Benelux area.

As it has focused on drawing in more middle-market firms, Tipalti raised $150 million in 2020 and acquired Approve.com in April 2021. It went on to raise $270 million in December 2021.

CEO Chen Amit told Payments Dive in June that it had considered acquiring more startups, but the price for doing so would have been far more than the company was willing to pay. Amit also noted that while investors were pleased with the company's growth so far and were not pushing the company to go public, it may consider an initial public offering in 2024.