Taulia, a cloud-based provider of Software-as-a-Service, e-invoicing, and other B2B payment solutions, announced a major growth spurt in the form of an expanded management team. The new hires could be viewed as a sign of the growing trend toward B2B payments digitization in the face of the demands of a new breed of B2B buyers, suppliers, and financers seeking less friction and a higher quality of online resources.
According to a press release, Taulia tripled its revenue in 2014, thus fueling its expansion. In doing so, Taulia hired four new professionals to its management team, including a new VP Engineering, VP Professional Services, VP Working Capital Solutions, and VP Ecosystem and Partnerships.
The announcement also follows last month’s reports that Taulia secured $15 million in funding from Zaouk Capital and, soon after, the hiring of a new Chief Financial Officer, Rik Thorbecke.
In a statement, Taulia CEO Bertram Meyer expressed the company’s excitement about the new management team: “I’m looking forward to working with them as we continue to grow and meet the tremendous demand we’re seeing in the industry.”
Taulia’s “tremendous growth” is good news for a market that has largely been seen to lag behind traditional consumer-oriented services. But as chatter mounts over B2B innovation, experts agree that the industry needs to adapt to a hyper-connected, digital, global market.