Taulia Grows Early Payments Revenue by 126% and Achieves Profitability

Key 2018 milestones include:

  • Businesses globally accelerated $24bn through early payments via Taulia
  • Early payments revenue grew by 126%
  • Signed new customers across five continents including landmark GBP30m
    UK Government’s procurement framework contract (Crown Commercial
    Services), Rio Tinto, Sasol and Telstra
  • Taulia became profitable under U.S. GAAP
  • Customers benefited from new AI powered user interface

SAN FRANCISCO–(BUSINESS WIRE)–Market-leading working capital solutions provider Taulia, rounded off a
year of spectacular growth marked by numerous high-profile achievements
including accelerating $24bn in early payments, doubling from $12bn in
2017, and expanding its network by over 1m to over 5.2m connections
globally. The company also announced that it was opening its first Asia
Pacific office in Sydney, Australia, with plans to expand the team
rapidly during 2019.

This news follows another major milestone in the second half of 2018
when Taulia achieved profitability under U.S. GAAP. 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.”

Meanwhile, the last year has seen Taulia announce partnerships with new
customers, including global mining group Rio Tinto, integrated chemicals
and energy company Sasol and Australian mobile phone provider Telstra.

In August 2018, Taulia also signed a major £30m framework contract with
the UK government’s procurement organization, Crown Commercial Services
(CCS). Taulia commenced with the $11 billion Pharmacy Early Payment
scheme (PEPS). The agreement also provides early payment solutions to
central government, local authorities and the National Health Service
(NHS).

Taulia’s success in 2018 was underpinned by the company’s continuing
commitment to technological innovation. Using a new AI-powered buyer
user interface, customers can access the insights needed to make
on-the-spot, real-time decisions, and thereby optimize discount rates
and payment terms.

Cedric Bru, CEO of Taulia, said: “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.”

Note 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 its foundation in 2009, Taulia has envisioned a world where every
business can thrive by liberating cash using our state of the art
platform. Today our team of financial game changers have built a network
connecting 1.6 million businesses across 168 countries and has
accelerated more than $90 billion in early payments.

Taulia is headquartered in San Francisco with locations across the
United States, the UK and Europe.

Contacts

Juhie Kapoor
Director Content and Communications
Email: [email protected]
Tel: +44
(0) 20 7121 6506

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