Invoicing company Taulia has raised $8.5 million in Series B funding led by DAG Ventures with Matrix Partners and Trinity Ventures participating. This brings Taulia’s total funding to over $12 million.
Taulia essentially enables corporations to pay their invoices early through its SaaS Dynamic Discounting solution, which often results in cost-cutting thanks to the early payment discounts they stand to receive from their suppliers. For suppliers, the Taulia Vendor Portal offers the ability to accelerate invoice payment on-demand. The company’s on-demand platform promises to let companies connect to any proprietary portal or third-party e-invoicing network.
A number of Fortune 500 companies are using Taulia’s platform including Pfizer and Coca-Cola.
Taulia will use the additional funding for sales and marketing efforts as well as to acquire new engineering talent for product development.