LiquidTrust, a payment solutions provider for small and medium-sized businesses (SMBs), has closed a $4m seed investment round.
The round was led by Anthemis Female Innovators Lab Fund, Resolute Ventures, and Motivate Ventures.
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LiquidTrust offers a payment solution, Micro Escrow Pay, designed to facilitate secure transactions for SMBs, their vendors, and customers.
This instant escrow payment solution is available both through banking partners and directly to SMBs.
Micro Escrow Pay aims to safeguard both payors and payees in real-time, eliminating the need for separate contracts, third-party holding accounts, or legal structures.
The solution, designed for SMBs by integrating treasury management, payment APIs, and foreign exchange capabilities.
To implement this service, LiquidTrust has chosen J.P. Morgan as its primary operating bank, using its embedded finance platform.
With the support of J.P. Morgan Payment’s treasury and embedded finance solutions, the company plans to conduct escrow-backed payments on a global scale.
LiquidTrust founder and CEO Saujin Yi said: “We’ve built a streamlined, bank-enabled solution that reduces payment risk at the source. With Micro Escrow Pay, SMBs no longer have to choose between trust and growth.”
“By making escrow as smooth as credit card payments, we empower SMBs to expand their supplier and customer networks globally and reduce fear of nonpayment or fraud.”
According to its website, LiquidTrust enables transactions in USD to over 175 countries and supports payments in local currencies for 77 countries.
