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.”
Notes to editors:
Taulia delivers working capital solutions that make it easy for businesses to free up cash, accelerate payments, and improve supply chain health.
Since founding in 2009, we’ve envisioned a world where every business thrives by liberating cash. Today, our game-changing technology powers a network connecting 1.5 million businesses across 168 countries and has accelerated more than $80 billion in early payments.
Using our AI powered platform, businesses now have the option to choose when and how to pay and get paid. It sounds simple, but our painless process provides both buyers and suppliers the chance to rocket their cash – cash to fuel economic growth all over the world. It’s win-win for everybody.
Taulia is headquartered in San Francisco with locations across the United States, the UK and Europe.