# Floid SpA

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/floid

- Industry: Financial Services
- Headquarters: Santiago, Chile
- Website: www.floid.app
- Total disclosed funding: $2.3M
- Latest round: Seed (Dec 1, 2021)
- Investors on record: 3

## About

Floid SpA is a fintech company that innovates Open Finance solutions, connecting banks, businesses, and consumers through an integrated platform that streamlines financial transactions and enhances operational efficiency.Floid SpA, founded in 2019 in Santiago, Chile, specializes in Open Finance solutions. The company was co-founded by Alfonso Maira, John Grundström, and Tomás Contreras, with Alfonso Maira serving as the CEO. In December 2021, Floid raised USD 2.25 mn in Seed funding, led by Banco Santander, to expand its operations and enhance its offerings.Floid is a fintech company specializing in Open Finance, providing an integrated platform that facilitates seamless connections between banks, businesses, and consumers. Its core offerings include advanced ACH payment processing, ensuring secure and instant payments while minimizing transaction failure risks. The company's Open Banking solution optimizes payment processes through enhanced security, speed, and cost efficiency. Additionally, Floid’s platform provides tools for user risk assessment, transaction reconciliation, and real-time operational visibility, catering to a diverse client base, including retailers and financial institutions across the United States and Latin America. By leveraging open APIs, Floid enhances interoperability in financial services, improving customer experiences within the financial ecosystem.Floid generates revenue through a transaction-based model, driven primarily by its ACH payment processing and Open Banking services. Customers pay for the integration of Floid’s APIs, which support various financial operations such as user verification, payment routing, and reconciliation tasks. The pricing structure is designed to accommodate both B2B transactions with enterprises and partnerships with financial institutions. By offering a comprehensive suite of services from a single provider, Floid facilitates smoother payment flows and operational efficiencies, which contribute to its competitive position in the fintech landscape.In December 2021, Floid SpA raised USD 2.25 mn in Seed funding, aimed at supporting its expansion into the Mexican and Costa Rican markets while ramping up sales efforts in Colombia. The company plans to enhance its product offerings to meet the needs of these new markets, with a focus on improving its services and customer engagement.

## Funding rounds

- Seed, Dec 1, 2021, $2.3M — Banco Santander, Carao Ventures, Amarena

## Investors

- Banco Santander — Seed
- Carao Ventures (https://capitalatlas.ai/funds/carao-ventures) — Seed
- Amarena (https://capitalatlas.ai/funds/amarena) — Seed