Fluid
Founded Year
2023Stage
Series A | AliveTotal Raised
$5.2MLast Raised
$5.2M | 7 mos agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+262 points in the past 30 days
About Fluid
Fluid provides checkout solutions for B2B businesses. The company offers a range of flexible payment options, allowing buyers to either pay immediately or select credit terms that fit their specific needs. Fluid primarily serves the B2B sector in Asia. It was founded in 2023 and is based in Singapore.
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Expert Collections containing Fluid
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Fluid is included in 2 Expert Collections, including Payments.
Payments
3,033 items
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Fintech
13,396 items
Excludes US-based companies
Latest Fluid News
Mar 5, 2024
The Singapore-based fintech company GoFluid.io (Fluid), which facilitates flexible financing for business-to-business (B2B) purchases, has raised $5.2 million in an equity round headed by Insignia Ventures Partners. Fluid said in a statement on Tuesday that the company has raised $7 million in total funding, including $1.8 million from Iterative and New Stack Ventures in a seed round. In this round, the company hopes to add larger suppliers from a variety of industries to its platform and broaden its product offerings, according to the statement. Additionally, the business plans to grow its risk and engineering teams by hiring more people with the additional investment. Chief Executive Officer Trasy Lou Walsh (a former regional general manager at Atome and general manager at Uber), Chief Product Officer Steven Li (a former head of product at Coupang Pay and Atome), and Chief Financial Officer Ruoyun Yang (a former lendable head of Asia and investments at IFC) founded Fluid in early 2023. Deferred payment or credit terms are observed to be involved in more than 70% of B2B payments. Numerous suppliers encounter challenges in fulfilling buyer credit requests due to the intricate and hazardous nature of these payment methods. Suppliers are locked out of customers, and growth is constrained. This makes it harder for buyers to choose suppliers and makes the payment and procurement processes take longer. Fluid’s platform addresses both sides of the transaction by giving buyers access to purchase financing and enabling suppliers to take on suppliers with credit terms. Fluid pays suppliers instantly, removing the uncertainty and inconvenience associated with collecting account receivables. Through seamless integration into any B2B marketplace or supplier websites, apps, or ordering systems, Fluid provides buyers with purchase financing to secure purchases on preferred credit terms or installments, as well as payment flexibility. B2B payments have traditionally used invoice factoring; however, many of the current digital solutions have laborious procedures, requiring business buyers to go through lengthy questionnaires and endure a multi-day approval process. This strategy lacks a user-centric focus and is primarily finance-centric. “The current system just doesn’t work. We have seen how difficult it can be for suppliers to manage cash flow around deferred payment terms and account receivables collection,” said Walsh.
Fluid Frequently Asked Questions (FAQ)
When was Fluid founded?
Fluid was founded in 2023.
What is Fluid's latest funding round?
Fluid's latest funding round is Series A.
How much did Fluid raise?
Fluid raised a total of $5.2M.
Who are the investors of Fluid?
Investors of Fluid include Insignia Ventures Partners, Iterative and New Stack Ventures.
Who are Fluid's competitors?
Competitors of Fluid include Atome, Hokodo, Kriya, Treyd, Flexiti and 7 more.
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Compare Fluid to Competitors
Mondu's solution enables merchants and marketplaces to offer their business customers the most popular B2B payment methods and flexible payment terms in a multi-channel setting, both online and offline. It empowers business customers to purchase and pay when they want, which translates to a higher conversion rate and average order value, and drives growth for merchants and marketplaces. Mondu was founded in 2021 and is based in Berlin, Germany.
Billie is a leading provider of Buy Now, Pay Later (BNPL) payment methods for the B2B sector, offering innovative digital payment services. The company's main offerings include modern checkout solutions that enable businesses to pay and get paid on their terms, with features such as upfront payment for sellers and flexible payment terms for buyers. Billie's services cater to a variety of sectors, including e-commerce, telesales, and in-person sales channels. It was founded in 2016 and is based in Berlin, Germany.
Balance is a company that specializes in B2B payment technology within the fintech industry. The company offers a range of services including digital trade credit, B2B payments, and accounts receivable management, all aimed at facilitating and managing business transactions digitally. Balance primarily serves the ecommerce industry, tech teams, and business leaders. It was founded in 2020 and is based in San Francisco, California.
Tino offers a business-to-business (B2B) buy now, pay later services. It allows sellers such as industries and commercial vendors to grant credit while minimizing default risk. It also allows buyers or merchants to access credit to buy inventory from their suppliers. The company was formerly known as TruePay. It was founded in 2020 and is based in Sao Paulo, Brazil.
Two specializes in B2B Buy Now Pay Later (BNPL) payment solutions within the e-commerce sector. The company offers services that enable merchants to provide high net term credit limits, manage credit and fraud risks, and streamline the checkout process for business customers. Two's solutions cater to various sectors including construction, wholesale, B2B marketplaces, and SaaS. Two was formerly known as Tillit. It was founded in 2020 and is based in Oslo, Norway.
Behalf is a financing provider that facilitates commerce between business to business vendors and their small and medium business customers. Driven by data and technology, Behalf allows vendor partners to offer business customers instant credit and flexible payment terms at the point of sale.
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