Hydr deploys new invoice financing platform for small businesses

Hydr deploys new invoice financing platform for small businesses

By Megha Bhattacharya

UK FinTech Hydr today announced the launch of its proprietary invoice finance platform to help small businesses optimize their cash flow. Hydr helps small businesses manage their cash flow with fully digital integration, real-time financing decisions, transparent terms and fixed fees. It pays 100% of the value of an invoice within 24 hours, less a fixed fee at a competitive price. FinTech has partnered with the global small business platform Xero for seamless integration with its platform.

Nicola Weedall, co-founder at Hydr, said: “The success of a business should not be determined by its ability to wait for payment. I have seen first-hand the transformative impact of cash flow management. We therefore remove the obstacle of waiting for payment by paying invoices in full within 24 hours. Our technology securely simplifies the entire process, end-to-end, with transparency and simplicity at the heart of our proposition.

Hector Macandrew, co-founder of Hydr said: “We created Hydr to change the way we think about two things; the almost cultural acceptance that late payments occur in this economy and that bill financing is only considered a last resort. With Hydr as a partner, you never have to worry about long or late payments again. Well-done invoice financing is a powerful tool for optimizing cash flow, allowing business leaders to plan for their future with confidence.

Hydr said their digital onboarding process takes a few minutes. Once logged into Xero, funding decisions are provided in real time; companies create their invoice (s) in a single step, a fixed price is calculated for the invoice and Hydr takes care of the rest. There are no hidden extras or additional fixed costs.

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