Statement

Company Overview

Snapshot

Founded in April 2022 by Idan Vlodinger and Shahar Lahav, Statement operates with 11–50 employees. The company raised $12 million across one funding round from 5 investors, with Glilot Capital Partners as a lead investor. Statement was acquired by Tipalti in June 2025.

Business overview

Statement provides a payment flow automation platform designed for businesses to gain real-time visibility into their payment status and cash position across various banks, accounts, entities, geographies, and currencies. The company's platform integrates direct bank API connectivity with internal data sources like ERPs and AP/AR providers to streamline, automate, and optimize existing financial operations. Statement covers the complete lifecycle of company payments, including initiation, approval, processing, and accounting, to automate cash visibility and reconciliation within the Fintech & Insurtech sector.

Strategic signal

Statement's acquisition by Tipalti in June 2025 signals a strategic consolidation within the fintech landscape, particularly in payment flow automation. This move indicates a growing demand for integrated financial management solutions and validates Statement's technology and market position. For investors, this acquisition highlights the potential for successful exits in the B2B fintech space, especially for companies offering robust automation and real-time financial visibility tools.

Company Intelligence Q&A

What is Statement's primary business activity?

Statement specializes in automating payment flows between businesses and their banks, providing real-time visibility into payment status and cash position across various financial touchpoints.

When was Statement founded and by whom?

Statement was founded in April 2022 by Idan Vlodinger and Shahar Lahav.

What was Statement's last funding round?

In October 2023, Statement raised $12 million in a funding round led by Glilot Capital Partners, with participation from.

Which markets does Statement primarily serve?

Statement primarily serves the United States market, focusing on businesses seeking to optimize their payment and cash management processes.