SAN FRANCISCO, CA--(Marketwired - November 10, 2015) - Taulia Inc., the financial supply chain company, today announced that its dynamic discounting product was highlighted in a recent World Economic Forum paper titled "The Future of Fintech - A Paradigm Shift in Small Business Finance." The report, released by the World Economic Forum's Global Agenda Council on the Future of Finance & Capital, looks at new financing options provided by innovative financial technology companies for small and medium-sized enterprises (SMEs), and how the services they offer fill a gap left by banks and traditional financial services providers. Taulia was the only company mentioned by name in the Supply Chain Finance section of the paper.
According to a report summary, financial technology companies are "leading the way in disruptive innovation in financial services" and "helping to bridge a $2 trillion funding gap for millions of SMEs seeking credit to grow their business."
In a news release announcing the report, Professor Peter Tufano, Dean of Oxford Saïd Business School, said, "The overwhelming consensus is that fintech has successfully started to gain traction in recent years, yet there remains huge further potential for the sector to develop innovative and sustainable solutions to tap the funding gap for SMEs."
"The World Economic Forum report details the massive worldwide growth potential for supply chain finance, as well as the advantages of making working capital accessible to the entire supply chain," said Cedric Bru, CEO of Taulia. "This not only affirms our business model, but highlights the critical need for financing that small businesses -- which account for two-thirds of the world's employment -- are facing."
In addition, the report notes the relevance of supply chain finance for B2B relationships, and points out that three of the ten largest automotive manufacturers in the world are Taulia customers.