SAP, the German multinational software provider, has agreed to purchase a majority stake in the privately held U.S. firm Taulia, a provider of financial technology and working capital management solutions. The move comes as SAP looks to expand its supply chain financing and working capital management offerings, in addition to extending partnership relationships, like the one it has with contract management software company Icertis. The German software giant is also exploring ways it can participate in the developing “metaverse,” a Web3 virtual online world that will include recreation, e-commerce, and much more. With the addition of Taulia, the company may be able to bring supply chain financing to the virtualized world.
Founded in 2009, Taulia has raised over $200 million over 10 rounds, fueled by investments from JPMorgan, Matrix Partners, Trinity Ventures, and others. The company also opened a $6 billion credit facility to its customers, secured through a JPMorgan-led consortium that also includes UniCredit, UBS, and BBVA. Terms of SAP’s acquisition were not disclosed, but the company CFO has indicated that the deal’s value was less than $1 billion. SAP has experienced steady growth in its cloud computing business, which grew 28% in the fourth quarter of 2021.