Taulia’s tenth birthday

Martin Atanasov, Director of Engineering and one of the participants of the inaugural Taulia LeHere, we want to look back on everything we’ve achieved, recognize the successes of our growing team, celebrate our customers and gaze into the future. Join us for a nostalgic trip down memory lane.adership Program, explains what he learned during the course in today’s Q&A.

From processing the first dollar on our platform to surpassing $1 trillion in transactions, the last ten years at Taulia have been a journey full of hard work and determination. It’s been one hell of a ride.

Here, we want to look back on everything we’ve achieved, recognize the successes of our growing team, celebrate our customers and gaze into the future. Join us for a nostalgic trip down memory lane.

A new vision

From day one we’ve had a vision of changing the way businesses around the world manage their cash. It all began in 2009 when we launched one of the world’s first technology-enabled and standalone dynamic discounting solutions. From there we’ve gone from strength to strength, signing a significant number of major buyers and onboarding 1.6 million suppliers onto our network.

As the economic landscape has changed drastically since 2009 and working capital has become more of a priority for businesses, we’ve added to – and updated – our services accordingly. Today, we’re one of the world’s leading working capital solutions provider and we’ve developed sophisticated tools that draw on the insights gleaned by handling over a million supplier interactions a day.

Our solutions include:

• Supply chain finance
• Dynamic discounting
• Flexible funding
• Intelligent platform
• Invoice automation

Game-changing customers

Over the course of our ten year history, we’ve had the pleasure of working with some of the world’s most forward-thinking businesses. Here’s a selection of the recent successes we’ve had with our clients – and a few milestones we’ve reached along the way:

• AstraZeneca funded $800 million for new drug innovations directly from the cash unlocked through their supply chain finance program
• Australian telecom giant Telstra improved their DPO metrics by 29 days, releasing $350 million from the balance sheet
• We’ve created more than 5.2 million supplier connections, transacted over $1 trillion on our platform and accelerated over $100 billion in supplier payments

These are by no means small improvements, they are titanic shifts in how businesses think about cash. Our vision is to create a world where every business thrives by liberating cash, and we believe that this ecosystem will be key to creating new jobs, wage growth, and technological innovation by returning cash from the supply chain to more valuable efforts.

New people in new places

Of course, none of our achievements would have been possible without the legendary Taulians. When we started out back in 2009, we had a small team based in San Francisco, consisting of our founders and a selection of employees. Just four years later, we had expanded to six global office locations and had 97 game-changing Taulians on board.

Today, Taulia has over 220 incredible employees and they’re based in locations all over the world – from San Francisco to Sofia. And following our expansion into the Asia Pacific region, we’ve recently added a new office in Sydney, Australia. If you’re looking to join a growing team in one of our offices around the globe, then check out our careers page for any available roles.

Achieving profitability

Earlier this year, it was announced that Taulia had achieved profitability under U.S. GAAP and grown its early payments revenue by 126%. Of this announcement, Rene Ho, Taulia’s CFO said: “Many VC-backed companies never reach profitability. Now profitable as well as debt free, Taulia is well capitalized to support our customers and to continue to innovate.”

Partnership with Google Cloud

This year at Google Cloud Next ‘19, we announced to the world that we would be partnering with Google to launch an AI-powered invoicing solution, Cognitive Invoicing. By harnessing our new product, you’ll be able to process invoices in any file format from your suppliers and therefore reduce the cost of processing an invoice from dollars to cents.

Where next?

With a reported $14 trillion trapped in global supply chains, this is only the beginning of our quest to unlock this cash and create an ecosystem of financially healthy buyers and suppliers – who have access to cash as and when they need it. We’re extremely proud of all the successes we’ve achieved in our ten year history, but we’re wildly excited about the next phase. Here’s to the next ten years and thank you to all of our customers who have played a massive part in the journey so far.