Taulia, a U.S.-based working capital solutions provider, recently released its 2018 report, which revealed that the company experienced growth marked by numerous achievements, which includes accelerating $24 billion in early payments, doubling from $12 billion in 2017, and expanding its network by over 1 million to over 5.2 million connections globally.
“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 1.6 million businesses across 168 countries and has accelerated more than $91 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.”
Along with sharing its 2018 achievements, Taulia announced that it was opening its first Asia Pacific office in Sydney, Australia, with plans to expand the team rapidly during 2019. It also reported that it has formed partnerships with new customers, such as global mining group Rio Tinto, integrated chemicals and energy company Sasol and Australian mobile phone provider Telstra. Cedric Bru, CEO of Taulia, went on to add:
“We believe a winning mindset is key to success, and this is something that Taulia and our clients continue to demonstrate. In 2019 we will be looking to build on our considerable achievements over the last year and support our customers in freeing up the cash trapped in supply chains globally.”