Taulia, a U.S.-based working capital solutions provider, announced on Tuesday it has expanded its global footprint by growing its presence in both China and Singapore.
Founded in 2009, Taulia claims to be a leading provider of working capital solutions. Through a combination of its AI-powered platform, people, and process, Taulia helps companies access the value tied up in their supply chain by transitioning from inefficient and often manual working capital management practices into technology-led, working capital optimization strategies.
“Our vision is to create a world where every business thrives by enabling buyers and suppliers to choose when to pay and get paid, liberating cash across the supply chain. A network of 1.8 million businesses use our technology and we processes over $500 billion every year.”
Taulia further revealed that as part of its expansion, it has appointed Haiyan Zhuang as Head of China. Zhuang will be responsible for establishing and strengthening Taulia’s presence in China. Zhuang notably has 20 years of experience working in banking, finance, and fintech. Zhuang has held positions at the Bank of China HQ, HSBC, Deutsche Bank, and OneConnect Smart Technology Company. Speaking about the expansion, Cedric Bru, CEO of Taulia, added:
“Asia sits at the heart of the global supply chain and is a region of strategic importance for many global companies. It is also buzzing with the extraordinary growth of homegrown companies who are looking for greater scale and an increased role on the global stage. Our technology supports businesses large and small with their own expansion, via the application of technology-led flexible working capital solutions. We initially will be bringing this capability to more businesses across China and Singapore and have plans to continue expansion across Asia.”