Hydr is developing a proprietary invoice financing platform
UK-based fintech Hydr has expanded its proprietary invoice finance platform to integrate with more cloud accounting software providers, including Sage and QuickBooks.
After launching exclusively with Xero in 2021, the Hydr platform is now available to more SMEs in the UK who want to leverage their unpaid invoices to optimize cash flow and help fuel their growth.
Sage, FreeAgent, KashFlow, QuickBooks and Xero users who sign up with Hydra can get paid almost immediately for the work they’ve done and invoiced, rather than having to wait for long payment terms and even to consider extending their borrowings to maintain working capital.
Customers who link their account to the Hydr platform do not need to duplicate data, they simply continue to set up their invoices with their cloud accounting provider as usual and Hydr will do the rest, funding the approved invoices within 24 hours.
Hydr helps small businesses optimize their cash flow with a digital onboarding that only takes 15 minutes. Hydra’s platform connects to a company’s data and financial information, creating a digital experience without the company needing to submit additional documents. Financing decisions are given in real time and Hydr pays 100% of the value of an invoice within 24 hours.