Taulia Debuts Enhanced Discounting

TauliaLogo.jpgThis post is part of our live coverage of FinovateEurope 2015.

Taulia showed how its Taulia Enhanced Discounting (TED) enables organizations to offer financing for suppliers.

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.

Presenters: Matthew Stammers, director, European marketing; Christophe Juvanon, director, European solutions consulting
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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

FinovateEurope 2015 Sneak Peek: Part 7

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FinovateEurope is less than a week away, and we’ve already surpassed last year’s record-breaking attendance. Soon, we’ll be sitting inOld Billingsgate Market Hall in London, enjoying tea while enjoying the first day of live demos at FinovateEurope.

Want to be a part of the largest FinovateEurope crowd ever? Get your ticket soon before it’s sold out.

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In this final post of our Sneak Peek series, we’re featuring Aire, Akamai Technologies, LifePay, MoneyHub, mydesq, Onlinepay.comSedicii, and Taulia. You can see all the posts here:


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Aire is an alternate credit score for people. Our mission is to help thin-file customers who qualify for essential financial products via this new score.

Features

    • Rescore credit rejections to lend to 15%+ more customers
    • Improve overall cost of acquisition
    • Minimal change to existing risk profile

Why it’s great
Aire can help turn a No to a Yes.

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Presenters

Aneesh Varma, Co-founder
Varma is a serial entrepreneur with a prior startup in enterprise retail tech, he started off in consumer finance at JPMorgan. He’s an engineer with a background in predictive algorithms quantitative finance.
LinkedIn

 

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Jon Bundy, Co-founder
With 14 years across financial technology, Bundy has been building risk and data products with an additional expertise in fraud detection and AML as well. He was previously at RBS, Searchspace and Symbian.
LinkedIn

 


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Akamai Technologies is a leading provider of cloud security services, helping banks provide secure, high-performing user experiences on any device, anywhere.

Features

    • Focus on the source of the request
    • Determine the extent to which that source has sent malicious requests in the past
    • Make predictions regarding how much that source can be trusted in the future

Why it’s great
The Akamai Client Reputation service provides financial institutions the ability to forecast intent and protect applications against web attacks.

Presenters

Ory Segal, Director of Threat Research
LinkedIn

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Nick Coleman (pictured), Web Security Specialist

 

 


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LifePay is an mPOS EMV chip-and-pin solution, allowing SMEs to accept payments by plastic cards via smartphones, and get LifePay Stand and overall sales analytics.

Features

    • LifePay-mPOS chip & pin is a start-point of LifePay ecosystem
    • LifePay offers the LifePay Stand solution with a portable printer and cashbox as a next-gen cash register.
    • Merchant’s portal

Why it’s great
LifePay – inspiring Asia


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MoneyHub puts the user at the center of their financial universe and helps them visualize their future. MoneyHub’s Ecosystem will empower people to connect, share data and collaborate with their financial advisers and institutions like never before.

Why it’s great
Your customers are already using MoneyHub, why not see how you can use it with them?

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Presenters

Toby Hughes, CEO MoneyHub
Hughes, Founder and CEO of MoneyHub, is an entrepreneur with more than 10 years of digital marketing and technological innovation experience in financial services.
LinkedIn

 

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Dave Tonge, CTO
Tonge, CTO at MoneyHub, has a strong technical skill-set and entrepreneurial instincts. Dave specializes in innovative business strategy and agile software architecture.
LinkedIn

 


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mydesq is an iPad-based workbench which combines products, clients, accounts and analytics providing wealth managers the information advantage to work smarter.

Features

    • Work from anywhere, anytime
    • Simplify work
    • Increase Sales & Service

Why it’s great
It revolutionizes and simplifies the way wealth managers work.

Presenter

Milan Vora, CEO & Founder
LinkedIn


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onlinepay.com is a mobile wallet for students. Share, buy and top up!

Features

    • Share your money with your friends
    • Make purchases directly from your mobile phone
    • Top up your gaming accounts  

Why it’s great
onlinepay.com is a mobile wallet, designed for fun and sharing money, convenient mobile shopping and top up of gaming and trading accounts.

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Presenters

Vladimir Kovalevskiy, Director
Kovalevskiy has in-depth experience in the payment and e-commerce fields in Russia and abroad, including projects related to mobile payments.
LinkedIn

 

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Anfisa Chernaya, Marketing Manager
Chernaya is working in marketing field for last 5 years.
LinkedIn

 


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Sedicii eliminates the exposure (storage and transmission) of private data required to authenticate.

Features

    • Sedicii Payments Card Authentication
    • Sedicii Mobile Authentication
    • Sedicii Contact Centre Authentication

Why it’s great
It is innovative technology for more secure authentication and identity verification.

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Presenters

Rob Leslie, CEO
Leslie’s track record includes part of the original management team to establish/grow Dell Japan to $300M TO in 4 years. Leslie also co-founded PTS Japan, sold in 2000, having achieved $33M valuation in 5 years.
LinkedIn

 

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Richard Coady, Commercial Director
Coady has held senior positions with BT, WBT Systems, Prometric. He will work towards the implementation of the International Sales strategy for the Sedicii portfolio of authentication applications.
LinkedIn

 


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Taulia transforms supply chains, enabling organizations to create a healthy relationship between suppliers and buyers.

Features

    • Sets up a SaaS network between a buyer and all its suppliers with eInvoicing
    • Uses network to offer all suppliers an opportunity to get paid early using third-party finance
    • Preserves buyer capital

Why it’s great
Taulia solves the buyer/supplier payment dilemma.

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Presenters

Matthew Stammers, European Marketing Director
Member of the European management team with responsibility for launching Taulia in Europe. Previously worked for Bottomline Technologies and Capita and holds a Henley MBA.
LinkedIn

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Christophe Juvanon, European Solutions Consulting Director
Key member of Taulia’s European team responsible for understanding customer’s requirements and solution fit. Previously employed by OpenText and DHL. Holds a post-grad degree from Napier University.
LinkedIn


 

That concludes our Sneak Peek series. You can catch all 70+ companies as they demo live at FinovateEurope on February 10 and 11. Pick up your ticket here.

Questions? Check out our FAQ.

Taulia’s Fresh $15 Million to Fuel International Growth

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Invoice management company, Taulia, raised $40 million over the last six months, and brought in even more cash yesterday. The new, $15 million installment, which has been added to its previously-closed Series D round, comes from Zouk Capital.

Since launching in 2009, the San Francisco-based company acquired BillFLO in 2011 and has raised a total of $91 million. It operates primarily in North America and Europe and the new funds will be used to fuel international expansion.

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The growing funding mirrors the company’s rising success. Over the past year, Taulia has doubled the number of employees to 200. Additionally, its network of suppliers has grown by 186%.

At the start of 2015, Tauila brought Rik Thorbecke on board as CFO. In the remainder of the year, the company plans to bolster R&D efforts and expand its enhanced financing options for buyers.

Taulia demonstrated its Early Invoicing Platform at FinovateSpring 2012.

Alumni News– January 16, 2015

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgLinedata Capitalstream to offer e-SignLive by Silanis.
  • 13 Finovate alums win 2015 Paybefore Awards.
  • Payment Services Provider Anderson Zaks teams up with card-linked offers specialist, Birdback.
  • EZBOB launches scratch card promotion.
  • MarketWatch’s Your Digital Self column looks at Jingit.
  • Baseline magazine features a recent study by Arxan Technologies on the state of mobile app security.
  • The Mifos Initiative joins Microcredit Summit Campaign to integrate social performance management and poverty measurement tools into its free and open source cloud-based core banking system.
  • The Super early bird deadline for FinovateSpring 2015 ends tonight! Pick up your tickets now to save big time.
  • Monetise partners with MoneyPass to offer mobile money services to MoneyPass customers.
  • Lending Club Pilots Program to Provide Low Interest Financing to Google Partners.
  • In 2014, secondary transactions surged to a record $1.4 billion on SecondMarket.
  • Spend Matters debunks myths about Taulia. Check out Taulia at FinovateEurope next month.
  • Infosys announces $250 Million USD ‘Innovate in India Fund’ to support Indian start-ups.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Alumni News– January 13, 2015

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgNavy Federal Credit Union partners with Cachet Financial Solutions to offer Cachet’s Select Mobile Money with the its new GO Prepaid Card.
  • Azimo customers can now send money to the Philippines.
  • Pacific Marine Credit Union hires Insuritas to open and manage turnkey insurance solution.
  • Bezinga profiles “cloud-based virtual advisor” iQuantifi.
  • Deutsche Kreditbank AG and Blackhawk Network’s Retailo introduce digital gift cards to online banking programs.
  • ID Analytics Secures Patent for Identity Manipulation Detection System.
  • Taulia hires new CFO: Rik Thorbecke, former Meltwater Group CFO.
  • Xero introduces expense claim functionality, Receipts, for iOS (Android still in development).
  • TechCrunch: Google Cloud Platform Opens Its Cloud Monitoring Service To All Developers On Its Platform.
  • Let’s Talk Payments reviews multiple Finovate & FinDEVr alums’ payment APIs.
  • Forte’s Checkout Campaign earns Silver for the Best in Biz Marketing Campaign of the Year.
  • AnalytixInsight launches new mobile smart TV content licensing partnership.
  • PeerTransfer Secures $22 Million in a Round Led by Bain Capital.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Alumni News– January 9, 2015

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgKiplinger’s list of five great free financial apps features BillGuard, Mint Bills, Level Money, SavedPlus, and Wallaby Financial.
  • Center for Financial Inclusion highlights Dwolla, Klarna, Kreditech, Receivables Exchange, and Wealthfront in its review of Australia Wealth Investor’s top 50 fintech innovators for 2014.
  • First Electric Cooperative deploying TextPower SmartAlerts.
  • WePay makes Bobs Guide’s “Fintech Startups to Watch in 2015” list.
  • Misys awarded SWIFT Certified Application labels for trade and supply chain management.
  • CrowdCurity launches newly designed website.
  • Time magazine lists Nymi as 1 of 5 most important things happening at CES 2015.
  • Forbes: Xero Wants All Small Businesses To Do Accounting In The Cloud.
  • Tradier releases Morningstar-sourced fundamentals APIs to beta.
  • Cachet Financial launches Co-Branded Option for Select Mobile Money Solution.
  • PYMNTS interviews CAN Capital CMO James Mendelsohn about access to alternative funding.
  • Taulia launches “Take Control” campaign to help companies better understand early payment solution.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Alumni News– October 14, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFinovate Debuts: Malauzai Software.
  • Cross County Savings Bank to deploy DNA account processing platform from Fiserv.
  • Apps from MasterCard and Deluxe earn spots in PaymentsSource’s “8 Wallet Apps That Go Beyond Payments.”
  • Arxan and Xamarin extend Mobile Application Protection to developers.
  • Coinbase hires former Sr. adviser to Homeland Security & Gov’tl Affairs Committee, John Collins, to head gov’t affairs.
  • Equities.com interviews Prosper.com’s Ron Suber regarding CFGE, Peer-to-Peer Lending and Working with Big Banks.
  • RBS partners with Taulia to offer dynamic discounting with e-Invoicing to corporate customers.
  • Backbase named a visionary in the Gartner’s Magic Quadrant for Horizontal Portals 2014.
  • Holvi accounts now use International Bank Account Numbers (IBANs).
  • Forte Payment Systems announces new partnership with The Master’s Touch, LLC to power eNoticesOnline bill presentment service.
  • Visa Europe partners with edo to make its performance marketing platform available to 500 million European bankcards.
  • Xignite teams up with FactSet to provide fundamental market data from the cloud.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Alumni News– September 4, 2014

  • Finovate-F-Logo.jpgThreatMetrix to provide location-detecting solution help institutions meet the Treasury Office’s international business regulations.
  • LifeHacker: ReadyForZero tracks your debt and helps manage your credit score.
  • Graphic Packaging Holding selects Taulia to provide its Business Exchange program to optimize the organization’s payables process.
  • BiometricUpdate.com features BehavioSec. Come see its presentation at FinDEVr.
  • Jane J. Thompson joins OnDeck Board of Directors.
  • Wallaby Financial launches Android Wear app.
  • PayPal extends fingerprint authentication to Samsung Note 4 and Gear S.
  • EverBank partners with FIS to bring PeoplePay to its banking customers.
  • Forbes.com features Check among three nightmare-reducing money disruptors.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Alumni News– August 28, 2014

  • Finovate-F-Logo.jpgPymnts features PayPal’s OneTouch mobile payments app.
  • American Banker considers how banks are looking closely at how BillGuard uses geolocation to prevent fraud.
  • Taulia launches SupplierPay.org to help corporations support the White House’s SupplierPay initiative.
  • IBM and Monitise expand partnership to combine IBM’s sales and specialist resources with Monitise’s Mobile Money services.
  • Pymnts.com feature on lending shares observations on consumer credit from Lending Club.
  • Forbes column on natural language processing features Narrative Science and Yseop.
  • Wired.co.uk profiles BehavioSec in its Stockholm category of “Europe’s hottest startups” in 2014. See BehavioSec at FinDEVr this fall.
  • CopSonic joins the FIDO Alliance.
  • Markets Media features interview with Avoka CEO Phil Copeland.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Alumni News– August 21, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgAmerican Banker takes a look at the new Wells Fargo Startup Accelerator, with alums EyeVerify and Zumigo in the inaugural class.
  • Check out our first FinDEVr Preview, featuring Yodlee Interactive. Join Yodlee at FinDEVr in San Francisco this fall.
  • The Paypers spotlights BioCatch and the company’s cognitive science-based biometric technology. See BioCatch at FinovateFall in New York next month.
  • MasterCard partnership with Zimbabwe’s EcoCash designed to boost mobile money services in Africa. MasterCard is a presenter and sponsor of FinDEVr, the first fintech event for developers.
  • Taulia sees more than 350% growth in second quarter of 2014.
  • Mergermarket.com features AnchorID in latest report. See AnchorID’s live demo at FinovateFall in NYC.
  • GECU providing members with online and mobile digital banking services from Digital Insight.
  • PayNearMe partners with Systems & Methods to offer a way to pay child support in cash. Check out PayNearMe at FinDEVr.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Alumni News– July 23, 2014

  • Finovate-F-Logo.jpgTaulia raises $27 million in series D funding.
  • CU Service Network partners with Insuritas to generate fee income for credit unions.
  • Cachet Financial Solutions partners with top five commercial bank in the U.S. to implement a prepaid mobile platform for supermarket chain.
  • BioCatch raises $10 million in Series A round. See them demo at FinovateFall 2014.
  • Malauzai Software partners with Trusteer to bring mobile security solutions to Customers Bancorp. Join Malauzai in New York in September for FinovateFall.
  • Place2Give launches MyPlace2Give.com to enable individuals to set up their own charitable giving fund.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Taulia Raises $27 Million in Series D Funding

Taulia Raises $27 Million in Series D Funding

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Taulia, a company that aims to ease cash flow issues faced by small and medium sized businesses, announced today it raised $27 million in Series D funding.

This newest installment, which brings Taulia’s total funding to $67.2 million, comes from QuestMark Partners, which led the round, and existing investors Trinity Ventures, Matrix Partners, Lakestar and DAG Ventures.

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When Taulia launched in 2009, its primary service was Dynamic Discounting, a product that helps suppliers receive faster cash flow, and gives buyers more flexibility and discounts if they pay early. Now Taulia offers seven products, including einvoicing and supplier management tools that help small businesses interact with their suppliers.

Of the 225,000 suppliers on Taulia’s platform, 55 rank among the largest corporate companies. The San Francisco-based company plans to use the funding to sign more large corporate clients and expand into Asia.

Taulia is now valued at $200 million.

To learn more about Taulia, check out its FinovateSpring 2012 demo where it debuted its Early Payment Network.