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Taulia raises $60M led by Ping An, JPMorgan, Prosperity7

Taulia, a San Francisco-based fintech that provides working capital for companies, has raised $60 million in a strategic funding round led by Ping An Global Voyager Fund along with JPMorgan and Prosperity7 Ventures.

"Providing SMEs access to efficient sources of financing is a topic of incredible importance in today's economic environment," Donald Lacey, managing director and COO of Ping An Voyager Fund, said in a press release. "Taulia is at the forefront of supply chain finance technology, with a global footprint that spans over 2 million SME suppliers and a suite of solutions that dramatically improves SMEs' ability to manage cash."

The funding round follows a strategic alliance signed with JPMorgan earlier this year to provide a variety of trade finance solutions to clients.