Fluent , the financial operating network for global commerce built on Blockchain technology, has just released it has raised $1.65 million in a series seed funding round led by ff Venture Capital and joined by Digital Currency Group, Crosscut Ventures, Draper Associates, Fenbushi Capital, Lindbergh Tech Fund, and the St. Louis Arch Angels. The seed funding round brings Fluent’s total capital raised to $2.5MM following a November 2015 pre-seed financing led by Draper Associates with participation from Thomson Reuters, UMB Bank, 500 Startups, SixThirty, and others.
Fluent has also announced their relationship with, Commerce Bancshares (NASDAQ: CBSH), a Forbes Top-20 US Bank headquartered in Kansas City, MO, who has been participating in the Fluent Network pilot program since February 2016.
The Fluent Network powers applications built for global trade and the financial supply chain. The Blockchain-based platform reduces risk and enables new, transformative types of enterprise financial applications including real-time B2B payments, supply chain finance, and a peer-to-peer working capital marketplace. “Fluent is offering a robust solution—backed by an exceptional team—to help businesses better manage credit in their supply chain,” said John Frankel, Partner, ff Venture Capital. “Fluent is harnessing the underlying technology in cryptocurrency to enable pain-free supply chain financing. This is a space we have been interested in for some time and excited to see such a talented team take a novel approach to reducing friction in global supply chain commerce.” Other investors include Draper Associates, Crosscut Ventures, Digital Currency Group, and Fenbushi Capital. This group of investors shows a commitment to Blockchain innovation and will provide Fluent with the network and insights it needs to continue to grow. “We are excited to see Fluent adopting the core technology underlying the bitcoin Blockchain to build a financial network that enables real-time, peer-to-peer financial transactions within a trusted network of […]
