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US fintech teams up with Swedish Core Process

Taulia has signed contract with Lund-based consultancy agency Core Process to pave way for a Swedish launch, according to a recent press release. ”We are proud to be the partner that will make Taulia the obvious choice of supply chain financing i the Nordic region”, Core Process CEO Lars Beckman says.

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Taulia, a cash flow and working capital solutions provider founded in 2009 in San Fransisco, now enters the Swedish financial market for the first time. With them as a Nordic representative, Taulia has teamed up with Swedish firm Core Process to pave the way for its forthcoming launch.

According to the press release Taulia is known for developing, adapting and make new technologies available to the market, including artifice intelligence. The move comes in a time when the market for financing and managing cash flows is increasingly shifting from traditional banks to independent solutions, Taulia argues.

”Using machine learning, Taulia offers smarter, faster and safer transactions where more suppliers can take advantage of the benefits of quickly getting paid.”

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Lars Beckman, CEO of Core Process, is excited about the new collaboration.

”Taulia is an independent player offering a good option that is now available to broad market in Sweden. We are proud to be the partner to make Taulia become the obvious choice for supplier financing in the Nordic region.”

According to Core Process, demand for supplier financing is growing significantly, especially in regards of reverse-loan solutions, called dynamic discounting, where suppliers are paid directly for their invoices.

”Taulia offers the first flexible financing solution that enables funds to be paid directly to all suppliers without affecting their own cash flow”, Jon Keating, Sales Manager at Taulia.

Taulia today connects a network of 1.6 million users in 168 countries and have released more than $ 80 billion in early payments.

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