QuID is a B2B supply chain fintech that provides anchor-led financing solutions, offering upfront cash for invoices with zero interest and no collateral required. This service enables retailers to access working capital quickly, enhancing their cash flow and supporting faster business growth.
Funding
$5.1M 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.
Founders
Product
Problem
Small retailers often face challenges accessing working capital due to limited credit history and collateral, hindering their ability to manage cash flow and grow their businesses. Traditional financing options can be slow, cumbersome, and require significant paperwork, making it difficult for retailers to seize time-sensitive opportunities.
Solution
QuID offers a B2B supply chain financing solution that provides retailers with upfront cash for invoices without requiring collateral or charging interest. By partnering with anchor distributors, QuID facilitates quick access to working capital, enabling retailers to improve their cash flow and accelerate business growth. The platform streamlines the financing process, offering pre-approved B2B credit and faster access to funds.
Target Audience
The primary target audience includes small retailers, manufacturers, and distributors seeking improved access to working capital and streamlined supply chain financing solutions.
Features
- Upfront cash for invoices within 24 hours
- 0% interest and no hidden charges
- Pre-approved B2B credit lines
- Blockchain-based retailer scoring for risk assessment
- Analytics dashboards for retailers and suppliers to track business performance
- Mobile app for invoice management and payment initiation
- Integration with distributor systems for seamless data flow