In fintech news, Tipalti discusses how the company plans to grow through an economic slowdown or full-blown recession. SiliconValley BayArea startups venture IPO
Tipalti co-founder and CEO Chen Amit has a full plate, preparing to move the company headquarters, managing an international expansion and steering the company through a slowing economy.
"If there are three buttons you want to press during recessionary times, these are the three: more automation, lower labor costs and better financial controls," Amit said in an interview during his company's client conference in San Francisco Thursday. It's also putting longer-term projects on the back burner in recognition that its workforce won't be as large as it previously expected."We're not giving away any growth opportunities or product development," he said.On Thursday, the company named
Planning for someone to succeed him was definitely a part of the thinking in promoting Israch, Amit said. But, Amit quickly added, he's not planning on going anywhere anytime soon.
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