Liquid

Liquid

Global payment method with built-in escrow protection.

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Liquid, also known as LiquidTrust, provides a global payment method featuring a built-in escrow mechanism designed to secure business transactions under $250,000 from potential fraud and non-payment. The company was founded in December 2021 by Steven Benaisha, who serves as CEO, along with Daniel Shkedi (CTO) and Kirill Tšernov (COO), and is headquartered in New York. The founders' collective background in fintech and their personal experiences with the challenges of cross-border payments for small and medium-sized businesses (SMBs) motivated the creation of Liquid. They identified that a significant portion of the $6.9 trillion US import/export market, specifically transactions involving SMBs, lacks adequate protection because traditional methods like letters of credit are often too expensive and complex for smaller enterprises.

The core of Liquid's service is its "escrow pay" solution, which it aims to distribute by partnering with banks. This platform allows for the creation of secure, milestone-based contracts where funds are held in escrow and released only upon the completion of agreed-upon deliverables, thereby protecting both the buyer and the seller. The service is tailored for the B2B sector, particularly targeting SMBs engaged in international trade who face high risks of payment fraud or non-delivery. Liquid's business model is based on charging a transaction fee for its escrow service.

Keywords: escrow payments, B2B payments, cross-border transactions, SMB finance, payment protection, trade finance, fintech, payment security, fraud prevention, global payments

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