FinTech: SAP-Owned Taulia And Standard Chartered To Collaborate On Working Capital Finance Solutions

September 23, 2022 | FinTech, News

Initially, the partnership will focus on the provision of supply chain finance and dynamic discounting.

Taulia, a provider of working capital solutions, and Standard Chartered announced a Memorandum of Understanding to jointly advance working capital management solutions and strengthen financial supply chains. Taulia was acquired in January this year by SAP (NYSE: SAP) in a move aimed at giving companies better access to liquidity and improving their cash flows. (Taulia)

Suppliers will gain access to working capital more efficiently and cost effectively, particularly supply chain finance and dynamic discounting solutions through the collaboration between Taulia and Standard Chartered. Taulia will bring to the table its platform and integrated technology; Standard Chartered will provide the advantages from its global presence, expertise in trade finance, and vast client base.

Thomas Mehlkopf, Head of Working Capital Management CoE at SAP and member of the Taulia Leadership Team said in a statement: “We believe that all CFOs should focus on their cash strategy to ensure growth during these turbulent times and our partnership with Standard Chartered will deliver cash when and where it is needed, especially in emerging markets.”

“Ensuring our clients are managing their working capital efficiently is a key priority in ensuring that their businesses grow sustainably, especially with the complexities and challenges in today’s supply chains,” said Kai Fehr, Global Head of Trade & Working Capital, Standard Chartered.

“Taulia’s footprint also complements that of the Bank, offering greater opportunities for us to support companies in the West with their supply chain flows into Asia, Africa and the Middle East,” Fehr added.

Related Story: Citi Invests In Trade Finance And Working Capital Platform LiquidX

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News©ParisTsitsosforLivinFarms-scaled.jpg
Venture Capital: LIVIN Farms, A Provider Of Bugs On Subscription, Raises €6M Series A

LIVIN Farms, an industrial technology provider in the alternative protein industry, has developed HIVE PRO, a fully automated process that allows waste management companies and large scale food producers to…
Digital Assets: Sam Bankman-Fried’s FTX US Wins Auction For Voyager Digital’s Bankruptcy Assets With $1.4B Bid
September 28, 2022     Digital Assets, News

West Realm Shires Inc., dba FTX US, has won the bankruptcy auction for the assets of Voyager Digital with a bid of about $1.422 billion. It was held to be…
Artificial Intelligence: Clearview Nabs Patent For Technology That Creates Bias-Free Algorithms

Clearview AI announced its win of the “Scalable Training Data Preparation Pipeline And Efficient Distributed Trainer For Deep Neural Networks In Facial Recognition” patent (U.S. Patent No. 11,443,553) issued by…
Alternative Investments/ESG: The Newday Sustainable Development Equity ETF

Newday offers portfolios addressing the world’s most pressing environmental and social issues including climate action, ocean health, clean water, diversity, equity and inclusion, wildlife conservation and animal welfare, and stakeholder…