LiquidTrust Secures $4M Funding to Revolutionize SMB Security with Innovative Escrow Payment Solutions
LiquidTrust has reached a pivotal milestone by successfully completing a $4 million seed funding round, marking a significant advancement in the FinTech industry. This funding was spearheaded by prominent investors such as the Anthemis Female Innovators Lab Fund, Resolute Ventures, and Motivate Ventures. This financial support follows their involvement in the WMNfintech program by BMO and 1871, further establishing LiquidTrust as a key player in the evolving FinTech landscape.
Introducing Micro Escrow Pay: A Game-Changer for SMBs
LiquidTrust has unveiled Micro Escrow Pay, a patent-pending instant escrow payment solution specifically designed for small and midsize businesses (SMBs). This innovative service aims to embed trust directly into payment flows, significantly reducing the risks of fraud, nonpayment, and counterparty uncertainty.
Features of Micro Escrow Pay
- Wide Accessibility: Offered through banking partners and directly to SMBs.
- Enhanced Security: Integrates escrow services directly into payment processes.
- Cost-Effective: Addresses high costs and complexities associated with traditional payment security methods.
LiquidTrust is committed to making commercial transactions safer for SMBs. By simplifying the escrow process, the company tackles common obstacles that small businesses face, including the prohibitive costs and complexities of traditional methods like letters of credit.
Future Plans and Market Impact
The recently secured funding will be utilized to further develop the Micro Escrow Pay technology. LiquidTrust has plans to enhance its services and expand its reach, ultimately supporting more SMBs globally. This move is crucial in reinforcing the safety and growth potential of businesses in the expansive B2B payments market, which boasts an annual volume of $14 trillion.
Founder and CEO of LiquidTrust, Saujin Yi, emphasized the importance of their services by stating, “SMBs are the backbone of the global economy, driving $14 trillion in B2B payments annually. However, two-thirds of this volume remains unprotected due to existing solutions that are often too costly or complex for small businesses.” He further added, “Our streamlined, bank-enabled solution reduces payment risk at the source. With Micro Escrow Pay, SMBs no longer have to choose between trust and growth.”
LiquidTrust’s innovative approach not only transforms the payment landscape for SMBs but also empowers them to expand their global business networks without the fear of financial loss. For more insights into the evolving FinTech sector, check out our articles on FinTech Trends and Small Business Safety in Payments.
