San Francisco-based Taulia has partnered with J.P. Morgan to create a unique and differentiated trade finance solution for clients.
Supply chain finance provider 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 optimisation strategies.
The new strategic initiative offers J.P. Morgan’s clients both the capability to onboard suppliers of all sizes across the globe and the flexibility to toggle seamlessly between bank-funded and self-funded early payments.
Through Taulia’s platform, clients will be able to inject liquidity to strengthen their supply chain while simultaneously giving them more visibility and control over their cash, ultimately unlocking trapped working capital within their supply chains.
Takis Georgakopoulos, global head of wholesale payments at J.P. Morgan, said: “We’re always looking for impactful ways to enhance the client experience within wholesale payments and that’s been proven by our various investments over the last three years—from acquisitions to strategic alliances like what we’re doing with Taulia.”
“With Taulia, we’re better positioned to serve our clients for the long term, allowing them to inject and redeploy liquidity to their suppliers, ensuring continued operations during this challenging time.”
J.P. Morgan called the partnership its most significant strategic alliance with a fintech in the trade finance business, as the firm looks to leverage Taulia’s technology platform, data and analytics to enhance and optimise corporate supply chains.
Stuart Roberts, global head of trade at J.P. Morgan, said: “We’re eager for clients to begin using the combined offering, as it brings together our depth of resources, expertise, strategic vision and vast client relationships, accelerating growth and innovation within the trade finance industry.”
Cedric Bru, chief executive officer at Taulia, said: “We are very excited to be working together with J.P. Morgan to offer a solution that will be game-changing in our industry. Combining Taulia’s technology and delivery with J.P. Morgan’s global reach creates an unmatched value proposition for clients. Our mission is to allow businesses to thrive by having access to cash in a predictable and cost-effective manner. This strategic alliance further strengthens our purpose.”