Taulia has formally introduced a strategic alliance with the biggest US Financial institution JPMorgan (NYSE:JPM). In keeping with a launch, the partnership is claimed to create a singular commerce finance answer for JPM shoppers. Crowdfund Insider coated the partnership this previous weekend.
Going ahead, JPMorgan’s shoppers can have the flexibility to onboard suppliers of all sizes throughout the globe and the pliability to toggle between bank-funded and self-funded early funds. Taulia’s platform will have the ability to present credit score effortlessly whereas unlocking working capital buried inside provide chains.
Cedric Bru, CEO of Taulia, stated they’re excited to be working with JPM calling the answer a game-changer for the business:
“Combining Taulia’s technology and delivery with JPMorgan’s global reach creates an unmatched value proposition for clients. Our mission is to allow businesses to thrive by having access to cash in a predictable and cost-effective manner. This strategic alliance further strengthens our purpose.”
Takis Georgakopoulos, World Head of Wholesale Funds at JPMorgan, stated they’re all the time on the lookout for methods to reinforce consumer expertise inside wholesale funds:
“With Taulia, we’re better positioned to serve our clients for the long term, allowing them to inject and redeploy liquidity to their suppliers, ensuring continued operations during this challenging time.”
The JPMorgan – Taulia partnership is described as essentially the most vital strategic alliance with a Fintech within the commerce finance enterprise, because the agency appears to be like to leverage Taulia’s know-how platform, information and analytics to reinforce and optimize company provide chains.
Taulia is a extra quiet Fintech Unicorn that’s doing an enormous quantity of enterprise. Launched in 2009, Taulia works with over 1000 clients processing over $500 billion a yr. The corporate’s distinctive integration offers profound perception into credit score danger. The corporate has skilled a zero default fee in ten years of enterprise and presently has little competitors on this sector of Fintech. Taulia’s greatest competitor is Citi however Taulia’s tech is much better.
At one level, Taulia thought-about an preliminary public providing however immediately the corporate is trying extra like an M&A goal. Taulia has raised over $175 million in enterprise funding.