Supply chain finance startup Taulia is in the process of raising a $60 million round led by the fintech investment arm of Chinese insurance giant Ping An; other investors will include JPMorgan Chase and the venture arm of Saudi Arabia’s Aramco; the funding round could value the company at around $400 million; the San Francisco-based fintech provides an online platform that links suppliers and their customers with the ability to finance invoices; Taulia has two million suppliers signed up and has financed more than $7.5 billion worth of invoices; CEO Cedric Bru said the new money will be used expand globally and introduce new products with Ping An helping Taulia to grow in China and Aramco doing the same in the Middle East. The Wall Street Journal.
