From XU Magazine, 
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Fluidly is partnering with Virgin Money to help develop its business banking offering

March 31, 2021

Fluidly is teaming up with Virgin Money to develop the bank’s new offer for small businesses.
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https://fluidly.com/blog/fluidly-virgin-money-partnership/

Virgin Money will use Fluidly’s cashflow and scenario planning tools to help business owners understand how they’re performing, so they can plan ahead. Fluidly will also supply data-driven cashflow insights for the bank’s relationship managers.

The new partnership forms a key part of Virgin Money’s working capital health proposition, where the bank is helping customers monitor their business health and ensure they have enough cash to cover day-to-day operations.

By partnering with Virgin Money, Fluidly is making its technology available to banks and their customers in an entirely new way. The partnership follows a period of significant growth for Fluidly, which now works with over 800 accounting practices, a 60% increase over the last three months.

Gavin Opperman, Group Business Director at Virgin Money, said: “As we move towards the launch of our working capital health proposition in the autumn, which will transform our business current account offer, the positive impact and contribution of our fintech partners has been clear.

Adding Fluidly to our team is another important step in that journey. Enabling our customers to understand the financial health of their business is a key part of the new proposition and I’m excited to see how Fluidly’s tools and approach embed into what we are creating for our customers at Virgin Money.”

Caroline Plumb, CEO and Founder at Fluidly, said: “Our mission at Fluidly is to help small businesses sleep better at night, so working with Virgin Money on its SME wellness tracker couldn’t be a more perfect fit.

“Having the money to fund day-to-day operations is absolutely vital for business owners, especially right now. We can’t wait to help make Virgin Money’s working capital health proposition a reality, with the help of our bank-grade data analytics and cashflow forecasting capabilities.”

Why leave it there?

Find out more about how Fluidly is working with banks

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