German software firm SAP to acquire capital management fintech Taulia

German multinational software firm SAP is set to acquire a majority stake of capital management fintech Taulia.

Taulia works to improve supply chain health

SAP says the move “is aimed at giving companies better access to liquidity and improving their cash flows”. The two firms agreed not to disclose financial details.

While Taulia has already been integrated into some SAP solutions, SAP will strengthen the integration with Taulia to become the core of its working capital management portfolio.

But Taulia will continue to operate as a standalone company under its own brand, with Taulia CEO Cédric Bru remaining head of the fintech, while SAP chief finance officer Luka Mucic will chair Taulia’s board.

Taulia provides supply chain management and financing software services — which have seen demand skyrocket thanks to rampant supply chain disruption.

A July 2020 $60 million funding round pegged the San Francisco-based fintech’s valuation at as much as $400 million.

Mucic says Taulia contributes to making supply chains more resilient by providing firms financial flexibility and stability.

Taulia CEO Bru adds: “Cash is the oxygen businesses need to breathe during challenging economic cycles and growth sprints.

“Coming together with SAP will help accelerate Taulia’s mission of helping businesses thrive by unlocking liquidity trapped in supply chains.”