SOURCE: Taulia Inc.

Taulia Inc.

April 09, 2015 09:00 ET

Taulia Sees 2.5x Increase in Revenue in First Quarter of 2015

Company Enhances Management Team and Raises Additional $15 Million

SAN FRANCISCO, CA--(Marketwired - April 09, 2015) - Taulia Inc., the market-leading SaaS financial supply chain provider, today announced that it experienced an increase of 2.5x in revenue for the first quarter of 2015.

The quarter marks the 20th consecutive quarter of growth for Taulia, and builds on the rapid momentum for the company, which has tripled its revenue for two consecutive years.

"We're delighted to see our 2014 momentum carry into the new year, and to welcome aboard so many new customers this quarter, including many innovative global brands such as Pfizer," says Taulia CEO Cedric Bru. "We're looking forward to working together with all our customers to exceed their working capital and e-Invoicing goals."

Taulia now serves nearly half a million business relationships on its network and annually processes more than $150 billion in spend and 20 million invoices annually through its cutting-edge platform. Buyers and suppliers are seeing the benefits of accelerating early payments on Taulia's network.

"Cashflow is really paramount," says Doug Campbell, who owns a small business on Taulia's network. "Having one place to deal with our invoices really streamlines the process for us...Taulia has been extremely useful."

Throughout the quarter, Taulia also expanded its management team and made several key personnel changes. The San Francisco-based company appointed Cedric Bru as CEO, appointed decorated Silicon Valley veteran Rik Thorbecke as Chief Financial Officer, and added several members to its management team. The company also added $15 million in fundraising from the London-based Zouk Capital.

"We're thrilled to partner with Taulia, a company that has incredible traction in the supply chain finance space," says Samer Salty, CEO of Zouk Capital. "We think Taulia presents a unique investment opportunity through its innovative business model-one which creates a win-win for both suppliers and buyers."

The additional capital brings Taulia's total funding to $85 million.

About Taulia

Taulia is the fastest-growing SaaS platform and the market-leading SaaS financial supply chain provider. Through turning every invoice into a revenue opportunity, Taulia enables organizations to strengthen supplier relationships while adding millions to the bottom line. Some of the most innovative brands in the world rely on Taulia, including Coca-Cola Bottling Co. Consolidated, Pfizer, Hallmark, and many other Fortune 500 companies from various industries. Taulia is headquartered in San Francisco with offices in London, England; Düsseldorf, Germany; Sofia, Bulgaria; Austin, Texas; and Park City, Utah. For more information, visit www.taulia.com.

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