Fintech
Chen Amit | FinTech Magazine
Chen Amit, CEO and co-founder of Tipalti, has a background of technical education and entrepreneurship. Born and raised in Israel, Chen showed an early interest in technology. He holds a Bachelor of Science in Computer Engineering from Technion – Israel Institute of Technology, one of Israel’s leading technological universities, and an MBA from INSEAD.
This rigorous training laid the foundation for his future career in technology and business.
With a career spanning more than three decades, Chen has built a reputation for his expertise in fintech and business management.
In 2010, Chen co-founded Tipalti with Oren Zeev. Tipalti addresses the complex challenges of global payments by automating processes such as supplier management, payment reconciliation, and compliance. Under Chen’s leadership, Tipalti has grown rapidly, securing significant funding and expanding its customer base globally.
The company’s success can be attributed to Chen’s vision of simplifying the payment process for businesses of all sizes, allowing them to focus on growth and efficiency. His startup was valued at more than $2 billion in 2010, when he was 45 years old.
“As an older founder, it’s easier to make bolder decisions and act decisively with my investors. When I was younger, I made some critical investor selection mistakes that significantly impacted the company.”
Prior to Tipalty, Chen founded Atrica, an Ethernet infrastructure company, where he served as CEO. He later sold the company to Nokia-Siemens. His experience at Atrica has served as a foundation for his future ventures, emphasizing the importance of innovation and customer-centric solutions.
Chen’s leadership at Tipalti can be characterized as focused on innovation, efficiency, and customer-centric solutions. He has led the company to significant growth, securing substantial funding, and expanding its customer base globally. Tipalti’s success is a testament to Chen’s vision and ability to address real-world challenges faced by businesses.
“When I was younger and inexperienced, the process of starting a company seemed very difficult,” says Amit.
“I run a much more complex company now, and it’s much easier. The general rule is that experience matters. Statistics show that success rates are much higher for founders who are later in their careers.
In a recent podcast by The Matias Experiment, Chen Amit explains the importance of hobbies in maintaining a healthy mind. An avid snooker player, Chen believes that the sport requires significant improvement and focus. As a result, the skills developed in snooker, such as focus and incremental improvement, translate effectively into business and foster continued progress over time.
In addition to his role at Tipalti, Chen is an active mentor and advisor, sharing his insights and experiences with budding entrepreneurs. He is passionate about technology and its potential to transform industries, and speaks regularly at industry conferences and events.
In addition to his professional successes, Chen is also dedicated to mentoring young entrepreneurs and giving back to the community. He is actively involved in various initiatives that support education and technology innovation, reflecting his belief in the transformative power of technology.
Chen’s impact extends beyond his professional accomplishments. He is committed to giving back to the community and supports various philanthropic initiatives. His dedication to both his work and his community reflects his belief in the power of innovation to create positive change.
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