Taulia expands Funder Network with Bank of China and BNP Paribas
By Gloria Mathias
Taulia, a provider of working capital management solutions, has announced that it has added the Bank of China London Branch, and BNP Paribas to its global multi-funder network.
The addition of the two global banks is the most recent in the growing network of funders available to Taulia’s global customers, enabling businesses to access an increasingly broad and diverse funding pool, with greater choice, liquidity, and availability of capital.
Multifunder models within supply chain finance programs are designed to provide resilience through diversification and a wider pool of funding for different currencies, geographies, client sizes, and credit profiles. Combined with the right technology, it also enables businesses to hedge against liquidity risk, particularly during periods of economic uncertainty.
Cedric Bru, CEO of Taulia, shared, “Adding Bank of China and BNP Paribas to the Taulia multi-funder network is an enormous achievement, and we are delighted to work with them. These agreements mark a significant step in fulfilling Taulia’s mission to enable businesses to unlock the liquidity trapped in supply chains, help them grow and navigate ever-changing market conditions.”
Xun Liu, Head of the Transaction Banking Department, Bank of China Limited, London Branch said, “This partnership is an important and forward-moving step to enhance Supply Chain Finance solutions in Bank of China London Branch. By teaming up with Taulia, we are positioning ourselves as leaders in offering modern and efficient solutions that will facilitate corporates and growth in trade. Taulia’s expertise in technology and supply chain financing arrangements combined with the bank’s extensive resources and practices will undoubtedly help companies manage their cash flow more effectively.”
Bruno Lechevalier, Head of EMEA Working Capital, BNP Paribas, stated, “Through its fully integrated solution with SAP, Taulia brings a strong added value to corporates supporting them to optimize their working capital and securitizing their supply chain network. In the frame of serving our common clients in the best way, we are delighted to announce that we are now part of Taulia’s Funder network offering various working capital solutions.”
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