- Singapore B2B payments startup Fluid raised $5.2M to expand its flexible payment platform.
- The funding will support growing teams and onboarding suppliers.
- Fluid aims to enable businesses to pay suppliers faster while offering customers deferred payments.
Fluid raises $5.2M
Fluid, a Singapore-based fintech providing flexible B2B payment solutions, has raised a $5.2 million Series A round led by Insignia Ventures Partners.
The funds will support expanding Fluid’s teams and onboarding larger suppliers as the company aims to enable businesses to get paid faster while offering customers deferred payment options.
Simplifying B2B payments
Founded in early 2023, Fluid was created to address supplier apprehension towards complex, risky credit terms in business transactions.
Through its platform, suppliers can receive payments instantly without needing credit checks or debt providers.
According to CEO Trasy Lou Walsh, Fluid eliminates the need for suppliers to manage settlement, reconciliation, and large credit teams.
The founding team combines experience from Uber, Coupang Pay, Lendable, Atome, and International Finance Corporation.
This latest round brings Fluid’s total funds raised to $7 million, following a $1.8 million seed round from Iterative and New Stack Ventures last year.
Fluid’s expansion plans
Fluid states that by simplifying and securing flexible B2B payments, suppliers can get paid quickly while businesses can offer customers deferred payment terms.
As BNPL platforms gain traction, Fluid aims to make flexible payments accessible for B2B transactions.
The new capital will enable Fluid to expand its risk and engineering teams to develop its payment platform further.
Onboarding more suppliers will also be a focus as Fluid strives to become an integral part of the B2B financial infrastructure across sectors.
To read the original article in its entirety: https://www.techinasia.com/sgs-b2b-fintech-firm-bags-52m-funding-led-insignia-ventures
