Monday 3rd November, 2014

Taulia has announced that it saw a 185% increase in year-over-year revenue during the third quarter of 2014.

The highlights from the quarter include:

• an additional $13 million in its second closing of Series D funding from strategic partners including BBVA and EDBI, the corporate arm of Singapore’s economic development board, bringing the company’s total capital raised to $70 million.
• a new partnership with the Royal Bank of Scotland to offer the bank’s corporate clients dynamic discounting and e-Invoicing through Taulia’s platform.
• 65 new employees across its European and US based offices, and announced plans to open a new office in Singapore.
• The company unveiled Taulia Analytics platform at the third annual Taulia Connect customer conference.
• Major network milestones: Taulia’s clients have now processed over 20 million invoices and processed more than $75B in early payments to their suppliers through Taulia’s platform.
• 100% customer retention and renewal rate throughout the third quarter.

New customers who signed on with Taulia or implemented the platform this quarter included one of the largest grocery chains in America, a leading energy drink producer, a major international online retailer to name just a few. 

"It’s been a great year for us, and we’re delighted to welcome aboard so many new and valued customers in this quarter,” says Bertram Meyer, CEO of Taulia. “We’re looking forward to working together to help these decorated businesses optimise their supply chains."