Safe investor Tim McCarthy joins Taulia
Award-winning author and financial expert Tim McCarthy has joined Taulia as its newest investor.
SAN FRANCISCO CA, JULY 10 2018: Tim McCarthy – former Chairman and CEO of Nikko Asset Management, former President of Charles Schwab and Co., and President of the Fidelity Investment Advisor Group, and author of ‘The Safe Investor’ – has joined Taulia, the global pioneer of technology-enabled working capital solutions, as its newest advisor.
The current economic environment is creating huge challenges for businesses, whether that be the rising interest rates, changes in taxation and the increased globalization of supply chains. McCarthy, in his capacity as advisor, will use his experience of the wider economic environment together with his passion for technology to help Taulia further enable the release of billions in working capital for businesses globally.
McCarthy has a history of embracing new technologies to help with old problems. He helped bring online trading to Charles Schwab when it was in its infancy, transforming traditional brokerage business into the tech-enabled powerhouse we know today.
Of this new collaboration, McCarthy said, “For me technology and finance go hand in hand. When you take a look at business payment practices today they’re archaic resulting in constrained cash flows and as a result, Capital Markets have not been able to fully contribute and help businesses. It’s an area that is long overdue for technology-led innovation. I’m delighted to be working with the technology leader in this space, Taulia, to further deliver this much needed innovation for businesses globally”
Taulia’s CEO, Cedric Bru said, “We are very happy with the appointment of Tim as Taulia’s newest advisor. Tim has created and implemented financial technology that we all take for granted now. His experience and passion will help us take the next steps in realizing our vision of helping every businesses thrive by liberating cash.”
Taulia is a fintech provider of working capital management solutions headquartered in San Francisco, California. Taulia helps companies access value tied up in their payables, receivables, and inventory. Taulia’s platform and network of more than 3 million businesses enables customers to execute their working capital strategies, support their suppliers with early payment, and contribute to building sustainable supply chains. Taulia processes more than $500 billion each year and is trusted by the world’s largest companies, including Airbus, AstraZeneca, and Nissan. In March 2022, Taulia became part of SAP. For more information, please visit taulia.com.