Cloudfloat is a payment platform that allows businesses to manage their cash flow by providing flexible payment terms and instant funding for supplier invoices, eliminating the need for traditional loans. By settling payments immediately and taking on credit risk, Cloudfloat enhances supplier relationships and enables businesses to optimize their capital for growth.
Funding
$33M 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.
Founders
Product
Problem
Many businesses, especially small and medium-sized enterprises (SMEs), face challenges managing cash flow due to delayed payments from customers and the need to pay suppliers promptly. Traditional financing options like business loans can be slow to obtain and may not be suitable for short-term cash flow gaps. This can strain supplier relationships and limit a company's ability to invest in growth opportunities.
Solution
Cloudfloat is a payment platform designed to improve business cash flow by providing flexible payment terms and immediate funding for supplier invoices. The platform allows businesses to pay suppliers on time, every time, potentially unlocking better terms and exclusive benefits. Cloudfloat settles payments to suppliers immediately and assumes the credit risk of the buyer, eliminating the need for businesses to wait for customer payments or rely on traditional loans. This enables businesses to optimize their capital allocation, strengthen supplier relationships, and reduce financial stress.
Target Audience
Cloudfloat primarily targets small and medium-sized businesses (SMBs) that need to manage their cash flow effectively and maintain strong relationships with their suppliers.
Features
- Instant funding for supplier invoices, eliminating payment delays.
- Flexible payment terms, allowing businesses to choose when to pay suppliers (e.g., weekly, fortnightly, 30, 60, or 90-day terms).
- Cashback rewards on purchases made through the Cloudfloat Wallet.
- Fast approval processes compared to traditional business loans.
- No application fees, account keeping fees, or monthly commitment fees.
- Predictable payouts with a clear cash flow overview.
- Real-time invoice tracking and status updates.
- Integration with accounting software for streamlined financial management.