Taulia, the leading fintech provider of working capital solutions, today announced it will continue to provide its customers with the choice of multiple funding partners. Taulia currently works with a range of financial institutions to allow suppliers on its platform to request early payments on their delivered goods and services.
Following the well-documented challenges faced by Greensill in recent weeks, Taulia has been working closely with its funding partners to ensure its formerly Greensill-funded programs have continued access to liquidity. Taulia has established a consortium of funding providers led by J.P. Morgan and includes UniCredit and UBS O’Connor. The consortium will provide any necessary funding in a timely fashion and more than $6 billion in funding is available to suppliers currently.
Cedric Bru, CEO of Taulia, said: “Taulia’s priority, first and foremost, has been to enable businesses both large and small to unlock liquidity trapped in their supply chain in order to invest, operate and thrive. In the current environment, with the potential loss of a funder, our commitment to providing choice has become even more paramount.
“We have been focused on providing our customers with a multi-funder model that enables them to access an ecosystem of financial institutions – providing them with flexibility and a way to mitigate risk by diversifying funding sources. We are committed to this model moving forward and will continue to provide our customers with a wide range of funding choices. We are pleased to work with leading financial institutions. It speaks volumes about their commitment to their clients, supply chain finance and the role it plays in global supply chains.”