Fluid provides flexible B2B payment solutions that enable sellers to receive upfront payment while offering buyers instant credit approval and extended payment terms. The platform underwrites buyer credit risk and automates payment reconciliation and collections processes. This service streamlines working capital for sellers and simplifies purchasing for their B2B customers.
Funding
$7M 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 B2B suppliers face challenges related to cash flow due to delayed payments and the need to offer credit terms to buyers. This can limit their ability to invest in growth and manage day-to-day operations effectively. Traditional methods of assessing creditworthiness and managing accounts receivable are often time-consuming and inefficient.
Solution
Fluid provides a B2B Buy Now Pay Later (BNPL) platform that integrates with suppliers' existing ERP and accounting systems to streamline payment processes and improve cash flow. The platform offers instant credit assessments for buyers, enabling suppliers to offer flexible payment terms such as net 30, 45, or 60 days, or installment plans. Fluid pays suppliers upfront, covering up to 90% of the invoice value minus a transaction fee, while managing collections and credit risks. This allows suppliers to get paid immediately, increase order sizes, attract new customers, and reduce the burden of accounts receivable management.
Target Audience
The primary target audience includes B2B suppliers, wholesalers, distributors, and e-commerce companies looking to improve cash flow, streamline payment processes, and offer flexible payment options to their buyers.
Features
- Seamless integration with ERP and accounting systems like Xero, Quickbooks, Microsoft, and Netsuite.
- Instant credit decisioning for B2B buyers.
- Upfront payment to suppliers, covering up to 90% of the invoice value.
- Flexible payment options for buyers, including pay now, on delivery, or net terms.
- Automated invoice management and reconciliation.
- Buyer payment portal for simplified invoice tracking and payment processing.
- Seller portal for real-time payment status updates and streamlined onboarding.
- Handles collections and credit risks on behalf of the supplier.