Taulia, a leading fintech provider of working capital management solutions, is already trusted by some of the largest companies in the world.
The major global banks are the latest additions to an already large and growing group of funders available to Taulia customers across the globe, enabling businesses to access an increasingly broad and diverse funding pool, with greater choice, liquidity and availability of capital.
“Adding Bank of China and BNP Paribas to the Taulia multi-funder network is an enormous achievement, and we are delighted to work with them,” comments Cedric Bru, CEO at Taulia.
“These agreements mark a significant step in fulfilling Taulia’s mission to enable businesses to unlock the liquidity trapped in supply chains, help them grow and navigate ever-changing market conditions.”
Taulia: Helping companies access value
Since being founded in 2009, Taulia has been on a mission to help companies access value tied up in their payables, receivables and inventory.
Its platform and network of more than three million businesses enables customers to execute their working capital strategies, support their suppliers with early payment and contribute to building sustainable supply chains.
In March 2022, the firm was acquired by technology heavyweight SAP.
Resilience through diversification
Multi-funder models within supply chain finance programmes are designed to provide resilience through diversification and a wider pool of funding for different currencies, geographies, client sizes and credit profiles.
Combined with the right technology, they also enable businesses to hedge against liquidity risk, particularly during periods of economic uncertainty.
Adding the Bank of China’s London branch and BNP Paribas to its network stands to benefit both Taulia and its clients.
“Through its fully-integrated solution with SAP, Taulia brings a strong added value to corporates, supporting them to optimise their working capital and securitising their supply chain network,” adds Bruno Lechevalier, Head of EMEA Working Capital at BNP Paribas.
“In the frame of serving our common clients in the best way, we are delighted to announce we are now part of Taulia’s funder network offering various working capital solutions.”
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