Today, SAP has announced it intends to acquire a majority stake in privately held fintech company Taulia.
Taulia, a working capital management solutions provider, will still operate as an independent company with Cédric Bru remaining CEO and Luka Mucic, SAP CFO as chairman of the board. Whilst SAP provides some supply chain financing through SAP Ariba, this move is aimed at giving companies better access to liquidity and improving their cashflow.
“Taulia strengthens our portfolio and adds value to a point that is key to every company: financial flexibility and stability. With that, they contribute to making supply chains more resilient,” SAP CFO Luka Mucic said. “By combining the deep working capital management expertise of Taulia with SAP’s broad CFO solution portfolio and the integration into our core business software and Business Network solutions, we are well positioned to become a leader in working capital management. We will offer these capabilities at scale to help businesses improve their financial position and seize growth opportunities.”
About two million suppliers use Taulia, resulting in more than $500 billion in annual transaction volume, and more than 80% of their customers are SAP users.
“I am delighted by our combination with SAP and its ecosystem to serve more businesses and contribute to SAP’s vision,” Cédric Bru, Taulia CEO said. “Cash is the oxygen businesses need to breathe during challenging economic cycles and growth sprints. Coming together with SAP will help accelerate Taulia’s mission of helping businesses thrive by unlocking liquidity trapped in supply chains.”
Taulia’s strategic relationship with J.P. Morgan will remain unchanged - the bank holds an equity stake in the company and last year Taulia secured a credit facility of more than $6B.
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