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Taulia and International Finance Corporation Collaborate

Wednesday 21st February 2024

Taulia has announced its collaboration with International Finance Corporation (IFC), a member of the World Bank Group, to build sustainable supply chain finance programs for small and medium-sized enterprises (SMEs) in emerging markets.

IFC is Taulia’s inaugural multilateral funder and adds to its already large and growing multi-funder network, which enables the business to access an increasingly broad and diverse funding pool.

Multifunder models within supply chain finance programs are designed to provide resiliency through diversification and a wider pool of funding for different currency, geography, client size, and credit profiles. Combined with the right technology, it enables businesses to hedge against liquidity risk, particularly during periods of economic uncertainty.

As an industry leader in ESG financing, IFC will assist Taulia in developing its sustainable supply chain financing programs, supporting SMEs in emerging markets with enhanced access to financing solutions, where such opportunities are often limited.

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

The collaboration will draw on IFC’s own deepening commitment to sustainable supply chain finance under its Global Trade Supplier Finance (GTSF) Program, which recently doubled in size to $1 billion and extends financial discounts to emerging market suppliers that improve their social and environmental performance.

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Avalara

Avalara helps businesses of all sizes get tax compliance right. In partnership with leading ERP, accounting, eCommerce and other financial management system providers, Avalara delivers cloudbased compliance solutions for various transactional taxes, including sales and use, VAT, GST, excise, communications, lodging, and other indirect tax types. Headquartered in Seattle, Avalara has offices across the U.S. and around the world in Canada, the U.K., Belgium, Brazil, and India.