Chen Amit, the CEO and Co-founder of Tipalti, has a background marked by technical education and entrepreneurial spirit. Born and raised in Israel, Chen showed an early interest in technology. He earned a Bachelor's degree in Computer Engineering from the Technion - Israel Institute of Technology, one of Israel's leading technological universities, and an MBA from INSEAD.
This rigorous education laid the foundation for his future career in technology and business.
With a career spanning over 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, 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 payables process for businesses of all sizes, enabling them to focus on growth and efficiency. His start-up was valued at more than US$2bn in 2010 when he was aged 45.
“As an older founder, it is easier to make bolder decisions and to act strongly with my investors. When I was younger, I made some critical mistakes when selecting investors that affected the company in major ways.”
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 laid the foundation for his future ventures, emphasising the importance of innovation and customer-centric solutions.
Chen's leadership at Tipalti can be characterised as focusing on innovation, efficiency and customer-centric solutions. He has driven 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 his ability to address the real-world challenges faced by businesses.
“When I was younger, without experience, the process of creating a company felt very hard,” Amit says.
“Now, I’m managing a much more complex company, and it is much easier. The general rule is that experience matters. The statistics show that success rates are much greater for founders later in their careers.
In a recent podcast by The Matias Experiment, Chen Amit explains the importance of hobbies for maintaining a healthy mind. An avid snooker player, Chen believes the sport demands significant improvement and focus. Consequently, the skills developed in snooker, such as concentration and incremental improvement, translate effectively into business and foster continual 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 he regularly speaks at conferences and industry events.
In addition to his professional achievements, Chen is also dedicated to mentoring young entrepreneurs and contributing to the community. He is actively involved in various initiatives that support education and technological innovation, reflecting his belief in the transformative power of technology.
Chen's impact extends beyond his professional achievements. 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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