Taulia And IFC Collaborate To Help Build Sustainable Supply Chain Finance Programs
SAN FRANCISCO, CALIFORNIA, FEBRUARY 2024 – Taulia, a leading provider of working capital management solutions, today 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.
The first-ever financial platform to provide sustainability-linked discounts on short-term working capital, IFC’s GTSF program works with global brands to drive improvements among supply chain partners, boosting environmental performance, efficiency, waste treatment, emissions reductions, improved labor practices, and gender inclusivity.
Cedric Bru, CEO of Taulia, commented: “Our collaboration with IFC is a significant step forward for Taulia in expanding our reach in emerging markets and supporting SMEs in accessing cash. The combination of IFC’s international expertise with Taulia’s technology will enable corporations to optimize their working capital so they can pursue opportunities that require extra liquidity.”
Femi Akinrebiyo, Global Manager for Manufacturing and Trade Supplier Finance at the International Finance Corporation, commented: ”Smaller firms are the engine of growth and job creation in emerging markets, but it’s precisely these businesses that often struggle to obtain the working capital they need to thrive. We’re proud to support SMEs through our new collaboration with Taulia, which will draw on IFC’s pioneering work in sustainable supply chain finance to boost businesses, reward companies contributing to a more sustainable future, and help achieve global goals for climate action.”
About Taulia
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 www.taulia.com/de.
About IFC
IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2023, IFC committed a record $43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org.
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