Fluent, the United States based fintech start-up has announced the receipt of seed investment from a group of investors. Fluent offers enterprise level blockchain based solutions and applications for financial institutions and global enterprises.
The seed investment of about $1.65 million was offered by a team of investors comprising of New York based ff Venture Capital (ffVC), Barry Silbert’s Digital Currency Group, Crosscut Ventures, Draper Associates, Fenbushi Capital, Lindbergh Tech Fund and the St. Louis Arch Angels. With this investment, Fluent has also made some changes to its board structure. Since starting up, the company has received two waves of investments. The first one being the initial pre-seed round of about $875000 from SixThirty Accelerator along with UMB and other investors.
With the latest seed investment of $1.65 million, the total funds raised by Fluent currently stands at $2.5 million. According to the company, the fresh funds will be used to further develop the blockchain solutions by hiring more developers, along with the sales team.
Fluent has been working on its products in stealth mode for a while. Now , the company has come out of the hiding with its blockchain based supply chain solutions for companies to handle transactions.
Fluent fintech solutions have also forged a partnership with Commerce Bancshares, a bank based out of Missouri. In addition, the company has also received inquiries from many businesses seeking access to new markets and target audiences through its receivable marketplace application.
“A network allows the whole to be exponentially greater than the sum of its parts and eliminates the inefficiencies that exist in disconnected systems. There is no space where this is more important than global supply chains, who have dealt with siloed systems for far too long.”
There is a real need in the fintech domain and with blockchain technology, Fluent is in the right place at the right time to satisfy this need.
Ref: Press release