Singapore-based fintech startup Fluid has announced a US$5.2 million Series A funding round led by Insignia Ventures Partners to expand its flexible financing for business-to-business (B2B) purchase solution, as reported by The Business Times.
This latest financial injection brings Fluid’s total funding to US$7 million, when combined with a previous seed round of US$1.8 million supported by Iterative and New Stack Ventures.
Founded in early 2023 by a team of seasoned executives, including Trasy Lou Walsh, Steven Li, and Ruoyun Yang, Fluid aims to address the complexities of B2B payments.
Walsh was formerly the Regional General Manager at Atome and Uber, while Li has a background in product leadership at Coupang Pay and Atome, and finally Yang was previously the Head of Asia at Lendable.
Fluid aims to enable suppliers to offer credit terms to buyers while providing the latter with financing options for their purchases.
The platform offers instant credit assessments, automated reconciliation, and secure payment options without the risk. The company claims these services enable businesses to improve cash flow, reduce payment risks, and enhance overall payment processes.
With the fresh capital, Fluid plans to enhance its product offerings and recruit more substantial suppliers from various industries. The startup is also set to grow its risk and engineering teams to support its expansion efforts.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- Source: https://fintechnews.sg/89348/lending/singapore-fintech-fluid-founded-by-former-atome-exec-trasy-walsh-raises-us5-2m/
