The companies announced the collaboration in a news release Friday (Feb. 4), saying the solution benefits both parties and will streamline the turnaround time for getting funds to winners of cash prize competitions.
“I want to give our community the best we can,” said Ramsey Jamoul, Unified CEO. “Streamlining payouts for players and talent with Tipalti’s payment system provides structure and professionalism to amateur esports. I believe this is a huge win.”
Paco Suro, general manager of global partner payments at Tipalti, said his company would help “provide a user-friendly experience with better visibility and structure that illuminates the path to becoming a pro gamer.”
Tipalti will serve as official payout provider for Unified’s in-person tournament winnings and its Challengers Uprising platform.
Based in Kansas, Unified “oversees multiple products that specialize and operate as a dynamic pipeline within the esports industry.”
The company began life as “Wichita ESports” in 2015, but has since rebranded as it has expanded its offerings to serve a national audience.
Tipalti, which gets its name from the Hebrew expression meaning “we handled it,” bills itself as the the only company that handles both accounts payable and global partner payments workflows for high-velocity companies for their entire financial operations cycle.
The San Mateo, California-based company defines that cycle as “onboarding and managing global suppliers, instituting procurement controls, streamlining invoice processing and approvals, executing payments around the world and reconciling payables data across a multi-subsidiary finance organization.”
With Tipalti’s help, companies can pay partners and vendors in 196 countries with in minutes. Its clients include Amazon, Twitch, GoDaddy, Roku, WordPress and ZipRecruiter.
Last year, Tipalti reached a valuation of $8.3 billion following a $270 million funding round, making it one of the most valuable FinTech unicorns in the world.