Fluidly Raises £5 M (£6.5 M) in a Sparkling Series A, Betting on Smarter Cashflow for SMEs
London‑based startup Fluidly is now officially the go‑to AI sidekick for small firms looking to keep their wallets happy. The company just inked a £5 million round—think of it as a financial spa treatment for the cashflows of over a thousand businesses.
What’s the Big Deal?
Why does Fluidly matter? Cashflow is the “big monster” most companies wrestle with. If you’re not crystal‑clear on where money is coming in or going out, planning feels like playing darts blindfolded.
Fluidly’s answer: an Intelligent Cashflow platform that predicts future cash and optimises spending using machine‑learning savvy that would make a hedge‑fund feel a tad jealous.
Plug‑and‑Play & API‑Magic
- Works with popular cloud bookkeepers (Xero, Sage, QuickBooks, etc.)
- Pulls live data straight from banks via Open Banking APIs
- All‑in‑one dashboard that looks less like a spreadsheet war zone and more like a mood‑board for finances
Who’s Paying the Up‑Front?
NYC‑based Nyca Partners led the round, with Octopus Ventures, Anthemis, and tech angels Simon Murdoch and Charlie Songhurst chipping in.
The fresh capital will go straight into:
- Adding brainpower—engineers and data scientists (we’re talking more algorithms)
- Shining the flashlight on sales & marketing (so more SMEs can jump aboard)
Growth Momentum: From Origin to Orbit
Launched just a year ago, Fluidly already powers nine of the UK’s Top 20 accounting firms—think BDO, Mazars, Baldwins, and Haysmacintyre—plus a fleet of niche accountants. Clients are now users, and users are businesses with peace of mind about their money.
It’s also quick‑skipping across the market of cloud accounting, turning into one of Xero’s fastest‑growing marketplace apps and a Champion‑level partner in Sage’s ecosystem.
Awards & Accolades
- “Innovation of the Year” & “Forecasting, Planning & Analysis Software of the Year” in industry‑wide awards earlier this year
- Chosen for the final phase of Nesta’s Open Up Challenge (legislated 2018)
- Previosly won £100,000 in Stage 1 of the same challenge—proof the founders already know how to chase funding while sprinkling innovation dust
Words from the Big Kahunas
Founder & CEO Caroline Plumb says: “The past year has been a rocket‑launch for Fluidly. This influx gives us the fuel to double our impact—smaller businesses will finally sleep easier knowing their cash is in the right place.”
Hans Morris, Managing Partner at Nyca: “We’re excited to back a company poised to become a heavyweight in AI/ML finance. Cashflow is the over‑due villain of SME finance, and Fluidly is the hero it deserves.”
Will Gibbs, Octopus Ventures: “Spreadsheets are the dinosaurs of finance; it’s high time we evolved. Fluidly shows that AI can be a game‑changer, and we’re thrilled to support their next leap.”
Takeaway
Fluidly is more than a fintech startup—it’s a financial whisperer pitching soft cash‑flow coaches to businesses that previously had to guess. With the new Series A, the company is now primed to step up its AI game, expand its data army, and keep fueling the €6.5 M dream of every UK SME that wants confidence, control, and a future free from last‑minute cash hiccups.
