Fluid
Founded Year
2023Stage
Series A | AliveTotal Raised
$5.2MLast Raised
$5.2M | 1 yr agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+282 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
3,082 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
13,559 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 specializes in Buy Now, Pay Later (BNPL) solutions for B2B transactions within the financial services sector. The company offers a suite of payment solutions that allow businesses to provide their customers with various deferred payment options, including flexible payment terms, installment plans, and digital trade accounts. Mondu primarily serves the ecommerce industry, B2B marketplaces, and multichannel sales sectors. It was founded in 2021 and is based in Berlin, Germany.
Klarna is a financial technology company that provides payment solutions and shopping services. The company offers price comparison, installment payments, and consumer financing for online shopping. Klarna serves the ecommerce industry, providing services to both consumers and retailers. It was founded in 2005 and is based in Stockholm, Sweden.
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.
Billie specializes in BNPL payment methods for the B2B sector and offers 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.
Rise focuses on enhancing financial inclusion in emerging markets through technology. It offers services that facilitate access to financial resources for individuals and businesses. Rise's products include options that allow customers to shop for items and pay for them at a later time. Rise was formerly known as Deall. It was founded in 2023 and is based in Cairo, Egypt.
Zilch provides buy now pay later services across various online retail sectors. The company offers a payment solution that allows customers to make purchases and pay for them over six weeks. It primarily serves the ecommerce industry with its virtual Mastercard. The company was founded in 2018 and is based in London, United Kingdom.
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