Taulia and IFC: Supporting Businesses in Emerging Markets

Share
Cedric Bru, CEO at Taulia
Taulia has joined forces with the IFC—member of the World Bank Group—to build sustainable supply chain finance programmes for SMEs in emerging markets

Taulia is already proud to be collaborating with many of the world’s brightest, largest, most ambitious banks, financial institutions and working capital advisory and strategy companies. 

UniCredit, JPMorgan and IBM are just some of the big-name organisations with whom the leading provider of working capital management solutions is driving value across the broader financial sector. 

Now, in a bid to power emerging markets, Taulia has joined forces with the International Finance Corporation (IFC)—member of the World Bank Group—to build sustainable supply chain finance programmes for small and medium-sized enterprises (SMEs) in emerging markets. 

IFC becomes Taulia’s inaugural multilateral funder and adds to its ever-growing multi-funder network, enabling the business to access an increasingly broad and diverse funding pool. 

“Our collaboration with IFC is a significant step forward for Taulia in expanding our reach in emerging markets and supporting SMEs in accessing cash,” comments Cedric Bru, CEO at Taulia.

“The combination of IFC’s international expertise with Taulia’s technology will enable corporations to optimise their working capital so they can pursue opportunities that require extra liquidity.”

Youtube Placeholder

Taulia: Building sustainable supply chains

Headquartered in the technology heartland of San Francisco, Taulia helps 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 suppliers with early payment and contribute to building sustainable supply chains. 

Taulia’s growing size and influence is demonstrated by the fact it processes more than US$500bn each year and is trusted by heavyweight companies including Airbus, AstraZeneca and Nissan, to name a few. 

In 2022, technology giant SAP completed the acquisition of a majority stake in Taulia, further expanding the former’s business network and strengthening its solutions for the CFO office

Enhanced access to financing solutions

As an industry leader in the field of ESG financing, the IFC is set to assist Taulia in developing its sustainable supply chain financing programmes, supporting SMEs in emerging markets—where opportunities are often limited—with enhanced access to financing solutions.

By combining Taulia’s supply chain financing technology with the IFC’s global reach and influence, the collaboration aims to offer efficient and sustainable solutions for SMEs using early payments and working capital programs. 

What’s more, the collaboration will draw on the IFC’s own deepening commitment to sustainable supply chain finance as part of its Global Trade Supplier Finance (GTSF) programme, which recently doubled in size to US$1bn and extends financial discounts to emerging market suppliers that improve their social and environmental performance.

The first-ever financial platform to provide sustainability-linked discounts on short-term working capital, the GTSF programme works with global brands to drive improvements among supply chain partners, boosting environmental performance, gender inclusivity and more.

Femi Akinrebiyo, Global Manager for Manufacturing and Trade Supplier Finance at the IFC

“Smaller firms are the engine of growth and job creation in emerging markets, but it’s precisely these businesses that often struggle to obtain the working capital they need to thrive,” adds Femi Akinrebiyo, Global Manager for Manufacturing and Trade Supplier Finance at the IFC.

“We’re proud to support SMEs through our new collaboration with Taulia, which will draw on the IFC’s pioneering work in sustainable supply chain finance.”

******

Check out the latest edition of FinTech Magazine and sign up to our global conference series – FinTech LIVE 2024

******

FinTech Magazine is a BizClik brand.

Share

Featured Articles

Worldpay Unveils Fraud Tool at Money20/20 with Capital One

Worldpay and Capital One Partnership set to dramatically reduce false declines through automated fraud detection programme

Standard Chartered Discusses Payments Vision at Money20/20

Standard Chartered’s Cash Sales Head of TMT & Fintech reveals how mobile-first strategies & cross-border innovations are reshaping financial services

GFT & Engine by Starling: Partnering for Banking Evolution

GFT and Engine by Starling unite to deliver cloud-native infrastructure, targeting established banks and new market entrants

Google Cloud Sets AI Agenda at Money20/20 with Vertex

Tech & AI

M20/20: Mastercard Maps Out Future of Payments Tech

Financial Services (FinServ)

LSEG Takes on Digital Identity at Money20/20

Fraud & ID Verification