About Approve
Approve is a company based in Tel Aviv (Israel) founded in 2019 by Bar Winkler was acquired by Tipalti in April 2021. Approve has raised $5 million across 1 funding round from investors including Tipalti and Aleph. Approve offers products and services including Procurement Software, Intake Management, PO Management, Supplier Management, and Spend Analytics. Approve operates in a competitive market with competitors including Sage Group, Coupa, Airbase, Bizongo and Procurify, among others.
- Headquarter Tel Aviv, Israel
- Founders Bar Winkler
-
Sectors
Technology
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Tipalti, Inc.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Approve
Approve offers a comprehensive portfolio of products and services, including Procurement Software, Intake Management, PO Management, Supplier Management, and Spend Analytics.
Automates purchasing workflows from request to payment for efficient spend control.
Enables quick submission of purchase requests with customizable forms.
Converts requests into purchase orders with automated tracking and matching.
Simplifies onboarding and compliance for suppliers through self-service portals.
Provides real-time insights into company-wide spending and supplier performance.
Funding Insights of Approve
Approve has successfully raised a total of $5M through 1 strategic funding round. The most recent funding activity was a Seed round of $5 million completed in August 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Approve
Approve has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Tipalti and Aleph.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Early-stage tech investments in Israel are focused on by Aleph.
|
Locked | Locked | Locked | |
|
Cloud-based procurement and invoice management solutions are offered to businesses.
|
Locked | Locked | Locked |
Investor details for Approve
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Approve
Investment portfolio details for Approve
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Approve
Detailed financials for Approve
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Approve Comparisons
Peer comparison for Approve
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Approve
Approve operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Sage Group, Coupa, Airbase, Bizongo and Procurify, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Cloud-based accounting and payroll solutions for small and medium businesses
|
|
| Locked | Locked | Locked |
Cloud-based end-to-end spend management software is delivered for businesses.
|
|
| Locked | Locked | Locked |
Procure-to-pay management software is offered for business operations.
|
|
| Locked | Locked | Locked |
Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions
|
|
| Locked | Locked | Locked |
SaaS spend management software is used to automate procure-to-pay operations.
|
|
| Locked | Locked | Locked |
Procurement management solutions are delivered for business operations.
|
Detailed competitors of Approve
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Approve
Complete news archive for Approve
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Approve
Approve was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Approve is headquartered in Tel Aviv, Israel.
Bar Winkler is the current CEO of Approve. They have also founded this company.
Approve is a funded company, having raised a total of $5M across 1 funding round to date.
Approve was founded in 2019 in Tel Aviv, Israel, as a provider of procurement software for businesses. Purchasing workflows are managed through the platform, along with vendor interactions and customized approval flows based on organizational structures. Real-time budget synchronization is enabled to support decision-making, and built-in payment processing is included. Operations focus on streamlining procurement processes in the business services sector.
Approve's top competitors include Coupa, Sage Group and Airbase.
Approve offers Procurement Software, Intake Management, PO Management, Supplier Management, and Spend Analytics.