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United States : TAULIA lifts up $27 million to widen SUPPLIER-FINANCE PLATFORM

July 24, 2014

$27 million has beem invested by Taulia, which is a San Francisco-based startup that facilitates supplier financing.

As per QuestMark Partners Principal Brian Matthews, "It was a great surprise after the fact. But the company has a history of giving nice surprises, so it's par for the course. It's a big validation of the market in general and the opportunity there."

Taulia aids its large corporate clients capture so-called "dynamic discounts" for early payment of electronic invoices.

The beginning has a pool of investors eager to pay the supplier's invoice and capture part of the early-payment discount as profit if Taulia's corporate client doesn't want to part with its cash any sooner than it has to.

Bertram Meyer, Taulia's CEO added, "We're not creating debt for the supplier. We're turning their accounts receivables into cash more quickly".

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: TendersInfo (India)

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