Paris-based Tulyp raises €1.5 million aiming to revolutionise digital trade finance for SMEs
Summary
Tulyp, the one-stop shop software platform digitalizing trade finance based in Paris, has successfully closed a 1.5 million Seed round led by Speedinvest alongside other major investors including Kima Ventures, Purple Ventures and business angels.With clients spanning three continents, Tulyp is committed to ensuring that SMEs have access to trade finance services on par with large corporations. While large corporations benefit from these advancements, enhancing supply-chain efficiency and transparency, SMEs are often left behind due to their fragmented nature and limited scale.Tulyp aims to solve the gap between SMEs and large businesses by providing an agile one-stop-shop platform that: Enhances the value for SMEs by enabling faster, more secure international deal closings beyond traditional processes Mitigates risks in import-export transactions, such as transport, currency, and counterparty risks, ensuring secure and transparent payment terms that protect both buyers and sellers Collaborates with global financing companies to alleviate cash flow problems for SMEs engaged in international trade, reducing financial pressures and associated risks Accelerates import-export transactions by providing a one-stop shop that consolidates all necessary services, streamlining the entire processNicolas Mazza, CEO of Nama Enterprise said: Since integrating Tulyp into our operations at Nama Enterprise, it has revolutionized our business by enhancing security and transparency, making transactions risk-free and efficient. Tulyp has supported our expansion into new markets, including large-scale trades and bulk shipments to Vietnam, playing a crucial role in facilitating smooth and secure transactions. Our partnership has been invaluable in mitigating risks and scaling our trading operations significantly.This new capital will be used to accelerate growth and enhance Tulyps service capabilities in key markets, notably by improving the platform, and refining functionality and scalability. This fundraising will also help Tulyp forge new strategic partnerships with B2B financing companies and freight forwarders, enhancing the added-value services offered to our clients.