Singapore's Fluid raises $5.2M in Series A funding led by by Insignia Ventures Partners

Feb 28, 2024•over 1 year ago

Amount Raised

$5.2 Million

Round Type

series a

SingaporeFinancial Services

Investors

New Stack VenturesIterativeInsignia Ventures Partners

Description

GoFluid.io (Fluid) has raised $5.2 million in a Series A funding round led by Insignia Ventures Partners. The total funding raised by Fluid is $7 million, including $1.8 million from a previous seed round.

Company Information

Company

Fluid

Location

Singapore

About

Did you know that over 70% of B2B trades are conducted on credit terms? Yet, many suppliers struggle to support this, leading to lost business opportunities. Introducing Fluid—a GAME CHANGER. With just a tap, Fluid instantly finances your B2B purchases within 10 seconds. It seamlessly integrates into marketplaces and supplier websites/apps, offering payment flexibility that empowers B2B buyers to secure their purchases on credit terms or installments. The result? Increased basket sizes and a influx of new buyers for suppliers. What sets Fluid apart? Their unmatched consumer-grade experience and the ability to facilitate high-velocity trade, making them stand out from traditional digital lenders or invoice financing companies. Are you B2B marketplaces, procurement platforms or suppliers ready to revolutionize your B2B transactions? Reach out to hello@gofluid.io today to discover how Fluid can transform your payment processes and drive growth for your business. We're also actively looking for superstars to scale our business - reach out to jobs@gofluid.io to learn more!

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Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers