Taulia secures funding to expand into Europe

Tuesday 27th August, 2013

Taulia has announced that it's raised $18 million in Series C funding, underlinning their intent to continue their strong growth into Europe and brings Taulia’s total funding to $36 million.

Taulia helps organisations looking to leverage the power within their supplier network and get paid early, at a discount. Companies use Taulia's electronic invoicing platform and connects to any third-party e-invoicing network. The buying organizations then benefit from dynamic discounting after suppliers receive early payment.

Despite the premise, adoption is still in the early stages with fewer than 5% of organisations taking advantage of dynamic discounting solutions. But Bertram Meyer, CEO of Taulia says;

“Making supplier financing easier and less expensive to acquire will accelerate the recovery of the world economy. Demand for our products has tripled in just a short number of months and this round of capital is in direct response to the growing global opportunity.”

Taulia faces competition from invoicing companies such as Ariba (acquired by SAP), But Meyer points out that Taulia has a couple of notable differences, not least its philosophy when it comes to supplier fees and a "best-in-breed" approach to their software.