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Supply-chain fintech firm Taulia to raise new funds from JPMorgan, Ping An

Suppliers have come under pressure in recent months as access to cash has tightened during the pandemic, prompting demands for early payment as a source of liquidity

A clutch of global investors is throwing its weight behind a financial-technology upstart that facilitates payments between companies and their suppliers, betting that it is well-positioned amid the disruption resulting from the coronavirus pandemic.

Taulia Inc. is raising $60m from backers, according to Chief Executive Cedric Bru. The round is being led by the fintech investment arm of Ping An Insurance (Group) Co. of China Ltd. and will include JPMorgan Chase & Co.’s strategic investment unit and a venture arm of Saudi Arabian Oil Co., commonly known as Aramco.

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