Fluid is a virtual cash flow management platform that accelerates invoice payments by providing advances on approved but unpaid invoices, with rates starting at 1% every 10 days outstanding. The service enables businesses to receive payments an average of 22 days faster, eliminating cash flow gaps and enhancing financial security through bank-level protection and expert support.
Funding
$1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
MCFounders
Product
Problem
Many freelancers, agencies, and small businesses face cash flow gaps due to delayed invoice payments, hindering their ability to cover operational expenses and pursue growth opportunities. Traditional financing options can be difficult to access or may not be suitable for short-term invoice financing.
Solution
Fluid provides a virtual cash flow management platform that accelerates invoice payments by offering advances on approved but unpaid invoices. Users can receive payments an average of 22 days faster, bridging cash flow gaps and enhancing financial stability. The platform integrates payment workflows and offers invoice advances, allowing businesses to choose when they get paid, either in advance or on time. Fluid assumes the risk from advanced payments and handles collections in the event of client non-payment.
Target Audience
The primary target audience includes freelancers, agencies, and small business owners who experience cash flow challenges due to delayed invoice payments.
Features
- Invoice payment acceleration through advances on approved invoices
- Integrated payment workflow for receiving and transferring funds
- Qualification for advances based on the creditworthiness of the invoiced client, not the user's business
- Bank-level security measures to protect user accounts and financial data
- Automated alerts and notifications regarding invoice approval and payment status
- No additional fees for standard payment processing; charges apply only when taking an advance