Fluidly, a London, UK-based provider of a smart cashflow management solution, raised £2m in seed funding.
This round, which brings the total amount raised to date to £2.375m, was led by Octopus Ventures, with participation from Anthemis and Nyca Partners.
The company intends to use the funds to continue to expand development operations to advance the product as well as to grow its sales and marketing efforts.
Led by CEO Caroline Plumb, CTO Dom Barker, and Chief Data Scientist Johnnie Ball, Fluidly provides a SaaS-based platform which enables SMEs to predict and optimize cashflow, starting with collecting cash. The solution will also integrate with cloud accounting packages and the Open Banking APIs.
Following a private alpha phase conducted with some partners, the company now plans to launch with Xero during Q4 2017.