Quick on raising a $40 million Series D round of funding, electronic invoicing and supply chain financing startup Taulia has now hired a Chief Finance Officer. Recently, the company announced that the former Meltwater Group CFO Rik Thorbecke will handle all the financial, legal, HR, and accounting aspects of their operations. They also announced their plans of expanding overseas.
Taulia provides a platform that will track all invoices, quick quid promo codes, and payments that are made out to their suppliers. They are targeting Fortune 500 customers primarily because they help them automate the invoicing process and payments which lowers their costs. For suppliers, on the other hand, the platform will help them get paid faster through the short term supply of financing based on approved invoices.
As invoices follow other business processes into the market, it will quickly attract other customers. As it is being ramped up, the company has hired Thorbecke for the improvement of its own internal finance and HR procedures.
Throbecke has spent the past 25 years in varying finance and strategy positions in several well-known companies. He was also employed as CFO and Chief Strategy Officer of Plastic Logic and in VP position of Levi Straus and Electronic Arts in the mid-2000s. Before going to Silicon Valley, he spent more than 17 years at the PricewaterhouseCoopers in Netherlands, where he was a partner.