Microsoft Corp MSFT:NASDAQ

Last Price$261.50NASDAQ Previous Close - Last Trade as of 4:00PM ET 5/16/22

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Day Low / High$255.78 - 265.82
Volume32.6 M

SAP to Buy Majority Stake in Working Capital Fintech Taulia

3:42AM ET 1/27/2022 MT Newswires
SAP SE (SAP) said Thursday it intends to acquire a majority stake in Taulia, a provider working capital management services, for an undisclosed sum.

San Francisco-based Taulia provides early payment options to clients using supply chain finance, dynamic discounting and accounts receivable finance. More than 80% of its customers operate using an SAP ERP system, according to a statement.

The strategic alliance between Taulia and JP Morgan (JPM) will continue unchanged following the its majority stake acquisition, SAP said in the statement.