Xero has announced a series of new integrations with business finance apps to improve small businesses’ access to capital and credit. The latest business finance apps to integrate with Xero include:
DueCourse enables small businesses to get paid within hours of sending an invoice, rather than having to wait 30, 60 or even 90 days. This means small business owners can focus on doing the things they love, rather than chasing invoices and worrying about when they will get paid.
Iwoca offers small businesses a flexible, unsecured credit line of up to £100,000, which they can draw down within hours of applying. There are no upfront fees and businesses can pay back borrowings over 12 months, top up or repay early with no penalties. Having served over 10,000 customers since its launch in 2012, iwoca is one of the UK’s leading providers of working capital.
MarketInvoice is the world’s largest online invoice finance platform, having provided over £1.1bn in funding to UK businesses since 2011. This funding, which was secured against over 70,000 outstanding invoices, has helped thousands of businesses unlock cash-flow and achieve their ambitions.