Taulia, a US-based developer of cloud-based payment software, backed by telecommunications company Telus, has experienced a 350% year-on-year increase in revenue in the second quarter of 2014.
Taulia is a software-as-a-service platform and network for supplier financing, einvoicing and supplier portals. Taulia aims to cut the amount of time it takes companies to pay suppliers.
The company raised $27m in a series D round in July this year, which valued it at $200m, from QuestMark Partners, Trinity Ventures, Matrix Partners, Lakestar and DAG Ventures.
In August 2013 Taulia raised $18m from Telus Ventures, Telus’ corporate venturing unit, as well as Matrix, Trinity, DAG and Lakestar. It has raised almost $63m in funding in total from 2010.