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TLDR

Key Points:

• IFC joins Taulia as a funder to develop sustainable supplier finance programs for SMEs in emerging markets.
• The collaboration will use IFC’s funding from the Global Trade Supplier Finance Program to boost businesses in need of working capital.

The International Finance Corporation (IFC) has partnered with supply chain finance platform Taulia to fund sustainable supplier finance programs for small and medium enterprises (SMEs) in emerging markets. This collaboration marks the first time a multilateral funder like IFC has joined Taulia’s network. Taulia, majority owned by software giant SAP, offers payables, receivables, and inventory finance solutions to SMEs and corporates through its platform using a multi-funder model.

IFC’s involvement will utilize funding from its US$1bn Global Trade Supplier Finance Program to support supply chain finance programs offered by commercial lenders and platforms. The aim is to address the challenge faced by smaller firms in accessing the working capital they need to grow and create jobs in emerging markets. Femi Akinrebiyo, the IFC’s global manager for manufacturing and trade supplier finance, emphasized the importance of supporting SMEs and achieving global goals for climate action through such collaborations.

While Taulia did not respond to specific questions about the arrangement at the time of press, the company stated that the partnership with IFC will enable corporations to optimize their working capital and pursue opportunities that require extra liquidity in emerging markets. In addition to Taulia, IFC also works with other platforms like Info, Demica, and eFactor to support sustainable supply chain finance programs.

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