Software group SAP to buy majority stake in US fintech firm Taulia

SAP, which provides some of the supply-chain financing through its Ariba brand, said acquisition of Taulia will help the company remove the limited growth rates for its own products

SAP said on Thursday it has agreed to buy a majority stake in privately held U.S. fintech firm Taulia as the German business software group seeks to expand its presence across supply-chain financing and working capital loans.

Taulia works with financial institutions to allow suppliers that use its platform to receive early payments on their delivered goods and services, and the market has significantly increased due to the pandemic disrupting supply chains.
 

SAP, which provides some of the supply-chain financing through its Ariba brand, said acquisition of Taulia will help the company remove the limited growth rates for its own