I landed in San Francisco late on Monday to attend the Taulia customer conference (Taulia Connect) that kicked off this morning. The event is growing fast with more than 200 attendees. Last year it was half that size, and before that, it was just a small get-together. Moreover, Taulia is still very much a recent entrant in the trade financing and P2P sector. While its roots are in dynamic discounting, Taulia now does quite a bit more, including delivering a broader e-invoicing platform, supplier portal as well as offering the option for third-party financing.
Bertram Meyer, co-founder and CEO of Taulia, kicked off the morning session in a keynote where he shared a quick update on Taulia’s facts and figures before delving into what he termed “the ethical supply chain” later in his presentation. Bertram noted that Taulia has added 25 customers in the past 12 months. The provider is also working in 9 new industry sectors (as of the past 12 months).
These new (and existing) customers have collectively brought $175 billion in collective spend onto the Taulia Platform. Bertram also noted that Taulia added 175,000 supplier connections and now has 300,000 active suppliers. He commented that the average supplier visits the Taulia portal 1.7 times per week supporting his argument that the provider is creating an “ecosystem for a new way of connecting” businesses through financing.
We’ll continue to provide dispatches from the event over the next couple of days. We will also be offering a deeper analysis of Taulia’s product strategy and roadmap as well as customer best practices on Spend Matters PRO.