Taulia secures $60 million in funding round
California based, supply chain finance company Taulia has secured $60 million in the funding round led by Ping An Global Voyager along with other investors such as J.P. Morgan, Prosperity7 Ventures and Zouk Capital. The company said this funding will accelerate the growth as the company sights global expansion, the press release said.
“It’s a testament to the product-market fit of the Taulia solution that we have garnered the interest and investment from this trifecta of Fortune Global 50 companies,” said Cedric Bru, CEO of Taulia. “Ping An, J.P. Morgan and Prosperity7 Ventures bring a wealth of knowledge that we will leverage to further solve liquidity needs of businesses and contribute to economic growth.”
Earlier this year, Taulia had announced a partnership with JP Morgan and the company has said that they had reached profitability stage in 2019. The company processes over $500 billion in spend annually over its network.
Including this deal there have been $704 million of B2B payment-related investments in fintechs announced since the start of the year. The biggest funding was received by WEX from Warburg Pincus of $400 million in the first week of July 2020.