Fintech Taulia, a working capital solutions provider, and Standard Chartered Bank have agreed to collaborate across a range of working capital finance solutions.
The agreement is the first the fintech has signed with a banking institution following its acquisition by SAP. As part of the agreement, both parties will look to offer supply-chain finance and dynamic discounting solutions, enabled by the fintech’s front-end platform and integrated technology.
The collaboration will help clients enhance the resilience and sustainability of their supply chains by enabling their suppliers to gain access to working capital more efficiently and cost effectively.
“Ensuring our clients are managing their working capital efficiently is a key priority in ensuring that their businesses grow sustainably, especially with the complexities and challenges in today’s supply chains,” says Kai Fehr, global head of trade and working capital at Standard Chartered. “Taulia’s footprint also complements that of the bank, offering greater opportunities for us to support companies in the West with their supply-chain flows into Asia, Africa and the Middle East.”