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Sometimes the story in a funding announcement isn’t necessarily the funding itself, but rather the investors. That’s the case with today’s news of supply chain finance provider Taulia’s $60 million funding round.
The strategic round, which brings Taulia’s total funding to $177 million, was led by China-based Ping An Global Voyager Fund. J.P. Morgan and Prosperity7 Ventures also participated, along with existing investors including Zouk Capital.
With today’s funding, The Wall Street Journal estimates Taulia’s valuation at $400 million.
The strategic relationship tied with this funding round signals international expansion for California-based Taulia, which already has a global customer base. “Ping An, J.P. Morgan and Prosperity7 Ventures bring a wealth of knowledge that we will leverage to further solve liquidity needs of businesses and contribute to economic growth,” said Taulia CEO Cedric Bru.
“Taulia is at the forefront of supply chain finance technology, with a global footprint that spans over two million SME suppliers and a suite of solutions that dramatically improves SMEs’ ability to manage cash,” said Managing Director and COO of the Ping An Global Voyager Fund, Donald Lacey. “We are excited to partner with Cedric and his team to build out their capabilities in China.”
The investment further deepens Taulia’s ties with JP Morgan. The two initiated a relationship earlier this year that aimed to help J.P. Morgan build a trade finance solution for its clients. “We’re committed to bringing the best solutions in the market to our customers and our strategic alliance with Taulia has been well received by clients,” said J.P. Morgan’s Global Head of Trade, Stuart Roberts. “The investment component is another step in our relationship as we look to better serve clients and their supply chains within our Global Trade franchise.”
Founded in 2009, Taulia helps businesses improve their supply chains by providing financing options with flexible payment terms. Their tools help businesses accelerate payments and free up working capital. A network of two million businesses use Taulia’s technology. The company processes over $500 billion every year. Taulia’s clients include Airbus, AstraZeneca, Nissan and Vodafone.
One of the least recognized victims of the public health crisis of COVID-19 is the global supply chain. The economic damage from efforts to stem the spread of the coronavirus – from lockdowns to worker shortages to closed borders – has brought new levels of uncertainty to the international economy.
This makes news that supply chain finance solutions provider Taulia has forged a strategic partnership with J.P. Morgan all the more welcome. The collaboration will enable J.P. Morgan to build a “unique and differentiated” trade finance solution for its clients, giving them the ability to onboard a wide range of supplier types and sizes. The new solution will empower them to add liquidity to their supply chain, gain more visibility and control over their cash, and uncover working capital that is “trapped” inside their supply chains.
“With Taulia, we’re better positioned to serve our clients for the long term, allowing them to inject and redeploy liquidity to their supplies, ensuring continued operations during this challenging time,” J.P. Morgan Global Head of Wholesale Payments Takis Georgakopoulos said. Taulia CEO Cedric Bru praised the partnership as an opportunity to combine his company’s “technology and delivery” with J.P. Morgan’s worldwide reach.
“Our mission is to allow businesses to thrive by having access to cash in a predictable and cost-effective manner,” Bru said. “This strategic alliance further strengthens our purpose.”
A Finovate alum since 2012, Taulia most recently demonstrated its technology at FinovateEurope, presenting the Enhanced Discounting feature of its platform. This technology combines dynamic discounting with flexible supplier financing to provide uninterrupted, affordable financing regardless of the amount of cash on hand. The company’s network links 1.5 million businesses across 168 countries, and has accelerated more than $80 billion in early payments via its AI-powered platform.
Founded in 2009 and headquartered in San Francisco, California, Taulia has raised more than $176 million in funding.
Alternative supply chain financing company Tauliaannounced this week it is tapping into AI to boost its platform’s Working Capital, Invoicing, and Intelligent Platform programs.
The new AI engine leverages data on supplier behavior and combines it with external factors to help clients make more precise predictions, and ultimately better decisions, on early payment programs and working capital strategies. Vincent Beerman, Senior Director of Product at Taulia, said that the AI improvements will translate to “less risk and more reward.”
“This is an exciting and massive achievement for Taulia,” said Cedric Bru, CEO. “This step in our product journey is all about bringing knowledge and decision-making to our clients to make early payment programs stronger, more efficient and more cost effective for all parties in the supply chain.”
Founded in 2009, Taulia helps businesses build healthy supply chains by providing supply chain financing options that offer flexible payment terms. The tools help businesses accelerate payments and free up working capital. Suppliers that use Taulia receive financing offers based on their historical payment behavior, the APR they are willing to accept, and their financial standing.
At FinovateEurope 2015, Taulia debutedEnhanced Discounting to the European market. Headquartered in San Francisco, Taulia’s network connects 1.6 million businesses across 168 countries and has accelerated more than $91 billion in early payments.