Today at Capchase, we are excited to announce a new integration with Xero, the global small business platform. The new integration will simplify access to capital for small businesses.
The integration means that UK small business customers will be able to apply for growth capital via the Capchase app in the Xero App Store. Financial data will automatically be synced between Capchase and Xero, significantly streamlining the approval process. As a result, businesses could receive funding in as little as 48 hours after they first apply.
Xero is a cloud-based accounting software platform for small businesses with over 3million subscribers globally. Through Xero, small business owners and their advisors have access to real-time financial data any time, anywhere and on any device. Capchase also addresses the needs of these businesses, providing fast, flexible, non-dilutive growth financing by bringing future expected cash flows to the present day.
Capchase, which has provided hundreds of SaaS companies with millions in capital over the past few years, makes its lending decisions based on a company’s recurring revenue. By being able to instantly access this and other key data points via Xero integration, accurate lending decisions can be made immediately.
Henrik Grim, GM of Europe at Capchase, said: “This integration is a huge step forward for alternative finance in the UK. Thousands of small businesses could now be able to gain fast access to capital.
“With other sources of funding drying up and increasing economic uncertainty, well run businesses can find it very difficult to get the financing they need to keep growing. Capchase provides a great option for these companies and now, by working with Xero, we have really streamlined the process to save business owners one of their most valuable commodities - time.”
We are excited to work on our shared goal with Xero: together, we can support small business founders to access the funding they need to see their businesses succeed.
To learn more about the Xero integration, contact partnerships@capchase.com.
To access Capchase funding now, visit the Xero App store.
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Here’s to helping more small businesses realize their growth potential. 🚀
