Intelligent Cashflow Startup Fluidly Raises £5M

Fluidly, a London-based fintech startup delivering intelligent cashflow management for SMEs, has completed a £5M ($6.5M) Series A funding round.

Fluidly defines a new software category – Intelligent Cashflow. Cashflow management is the single biggest financial pain-point that businesses face, and knowing their future financial position is of critical importance. Fluidly uses machine learning to predict and optimize the future cashflows for SMEs and provides the key to financial decision-making.

Fluidly is a SaaS platform that integrates with both cloud accounting packages and Open Banking APIs.

New-York based Nyca Partners led the round with participation from other investors including Octopus Ventures, Anthemis and tech angels Simon Murdoch and Charlie Songhurst. The new funding will be used to expand the team of engineers and data scientists working to advance the product, and also to build sales and marketing capacity.

Bottom Line: your next affinity partner or competitor.