Alla Petriaieva's Avatar
Alla Petriaieva
published in Blogs
Mar 02, 2021
Can A.I. Solve Your Business’s Cash Flow Issues?

Can A.I. Solve Your Business’s Cash Flow Issues?

Fintech’s rise has only accelerated in 2018. New, exciting companies using technology to solve finance’s longstanding issues seem to pop up regularly – and some even manage to live up to the hype and lofty claims. Now Fluidly, a year-old fintech company headquartered in London, says their innovative “intelligent cashflow management software,” which offers a modern spin on financial forecasting using the power of AI, is the gamechanger that SMEs need – and raised a £5 million Series A round to continue building it.

Fluidly co-founder and CEO Caroline Plumb became acutely familiar with the pain points of cashflow management at her successful first business, Freshminds. “I was sick and tired of the all too familiar stress of not knowing when I was going to be paid, whilst attempting to monitor our cash flow for the upcoming months with a large degree of uncertainty, all alongside my day to day responsibilities,” Plumb told XU Magazine.

Plumb called that process “very manual, very time consuming and out of date.” Sometimes even the “godsend” of a good accountant wasn’t enough when she needed accurate information on demand “in order to make quick decisions with more certainty.” With that problem in mind, Fluidly was born.

The company’s touted “real-time cashflow forecasting software” eliminates the need for modeling via artificial intelligence. According to Fluidly’s website, the software “connects to [a user’s] accounting package and uses the data in it to automatically build a detailed baseline cash flow forecast” in real-time. “Fluidly is then able to access the transaction-level bank and accounting data and it uses this data to automatically forecast future cash flows by predicting when invoices will arrive, get paid or other payments will be made,” Plumb explained to Techcrunch.

Fluidly has enjoyed rapid growth over their first year – according to stories announcing the deal, the company says it now works with nine of the UK’s top 20 accounting firms and has developed partnerships “with various cloud accounting software providers.” A portion of funds from the latest investment round will be used to build new features and integrate Fluidly with additional platforms. “We’ll be adding smart alerts, scenarios and suggested actions if you might be running into cashflow difficulty,” Plumb told Techcrunch. “We’ll also start to scale our sales and marketing team.”

Whether ‘intelligent cash’ is the future of cashflow management is impossible to predict. But AI’s growth in leaps and bounds (and fintech’s ability to integrate it into its products) has shown extremely promising returns in 2018. Fluidly’s steep upward trajectory over the course of a year seems to be the latest evidence that more innovation is sure to come.

 

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Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Mar 07, 2021
4 Tricks Hedge Funds Use to Get Ahead

4 Tricks Hedge Funds Use to Get Ahead

If the stock market were Major League Baseball, hedge funds and institutional investors would be the pros on championship teams while everyday self-directed investors (SDIs) are the benchwarmers in the minors.It’s how they get ahead, and it’s why 90% of SDIs lose money trying to play (invest and trade) in the major leagues. The 4 tricks we discuss below are rooted in one common theme: they all use Artificial Intelligence and algorithms to generate data and ideas.
John Jacques's Avatar
John Jacques
published in Blogs
Mar 22, 2018
A.I. Stock Market Predictions: Head & Shoulders

A.I. Stock Market Predictions: Head & Shoulders

Statistics for the Head-and-Shoulders Bottom Pattern The days where only hedge funds used algorithms to trade stocks are officially over. Now retail investors can use Artificial Intelligence (A.I.  Here’s an example of the algorithm in action: Late last year, Tickeron’s A.I.
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Jul 10, 2020
3 Stocks to Buy if Coronavirus Second Wave Hits

3 Stocks to Buy if Coronavirus Second Wave Hits

By analyzing market trends from the first wave, you can predict behavior for the second. Technology stocks have performed at historic levels this year, but the market is severely overbought.To compensate for that, look at performance during Q1 and Q2, the height of global Covid shutdowns.
Edward Flores's Avatar
Edward Flores
published in Blogs
Feb 06, 2021
How to Become the Millionaire Next Door

How to Become the Millionaire Next Door

The Golden Gate Bridge is always a fixture of these walks too, one of man's most beautiful creations.  As we were walking, at one point she turned to me and said, "Man, I'll never have a million dollars."" My girlfriend is 27 years old and works as a graphic designer, making about $75,000 a year.
Alla Petriaieva's Avatar
Alla Petriaieva
published in Blogs
Feb 23, 2021
Is Ethereum’s Bomb about to Explode?

Is Ethereum’s Bomb about to Explode?

Ethereum’s software is set for an update in October.Until it is finished, participants in the Ethereum blockchain must determine how to delay the difficulty bomb – code that necessitates a steadily increasing amount of computer power to mine blocks and unlock rewards – that is already in place.
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Aug 07, 2018
When Is the Next Recession Coming?

When Is the Next Recession Coming?

However, we also know that economists predicted 22 recessions out of 11 that took place since 1945. Are there real recession signs we should watch for?Indeed, the answer is yes, and here are a few very important ones: The first one is almost obvious and known to everyone – it is the Fed.
Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
May 22, 2020
Central banks have been buying $2.4 billion in assets every hour for the past two months

Central banks have been buying $2.4 billion in assets every hour for the past two months

Some $17.8 billion has been poured into  bond markets over the past week, the biggest move in more than three months.Around $3.5 billion has been invested into gold, the second largest on record. 
Rick Pendergraft's Avatar
Rick Pendergraft
published in Blogs
Feb 07, 2021
Mid-January Short Interest Report Shows 8 Stocks with Good Fundamentals and High Short Interest
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Mar 10, 2021
How to Start Trading Penny Stocks

How to Start Trading Penny Stocks

Penny stocks have long been marginalized within the professional investment community, oftentimes being painted with a broad brush of simply being “too risky.” Leonardo DiCaprio’s depiction of the penny stock peddling conman, Jordan Belfort, in the Wolf of Wall Street certainly didn’t help.Here are four reasons to start trading them now. Reason #1: Let’s State the Obvious -- Penny Stocks are Cheap A single share of Apple Inc. costs over $350.
Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
May 08, 2020
US unemployment rate jumps to 14.7%, the highest in series history

US unemployment rate jumps to 14.7%, the highest in series history

The U.S. economy’s employment fell by -20.5 million in April. The coronavirus crisis led to unemployment rate soaring to 14.7% in the U.S, the highest rate in the Bureau of Labor Statistics-tracked series history that goes back to 1948. However, the figures were better compared to several economists'/analysts' forecasts of 22 million job losses and 16% unemployment rate.  Another unemployment measure that includes those who have stopped looking for work as well as those holding part-time jobs for economic reasons also touched an all-time high of 22.8%.