This post is part of our live coverage of FinovateEurope 2015.
Taulia Enhanced Discounting (TED) aims to revolutionize the funding of supply chain finance. TED combines the benefits of traditional dynamic discounting – when corporations offer an early payment to a supplier in exchange for a small discount – with a flexible supplier financing programme, which allows organizations to choose to use their own cash or the capital of a third-party financial institution, to capture early payment discounts.
With TED, organizations can offer their suppliers uninterrupted, affordable financing regardless of their own cash positions, operating obligations, or financial forecasts. Taulia is so confident of the value that TED delivers, that it guarantees its customers savings of £1M a year.
Product launch: February 2014
Metrics: $70M in equity raised, more than 200 employees across the globe including offices in San Francisco, London, Düsseldorf, and Sofia; 300,000+ supplier connections on the Taulia network
Product distribution strategy: Direct to Business (B2B) through other fintech companies
HQ: San Francisco, CA, USA
Founded: June 2009
Website: taulia.com
Twitter: @taulia