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New Fintech Collaboration: Xero + Liberis PDF Print E-mail
Tuesday, 06 June 2017
Liberis, the card based finance provider, has announced an integration with Xero, the UK's leading online accounting software for small businesses and their advisors, to improve small businesses’ access to capital and credit.

The new integration will provide joint customers with a ‘better way to borrow’. Customers will be able to choose to advance their credit/debit card takings through Liberis’ Business Cash Advance product, to align the details of their business finance with their Xero account, and also see their cashflow in real-time.

The integration will enable customers to see their repayments in Xero, meaning easier reconciliation of bank accounts and liabilities. With automatic categorisation removing hassle and letting owners concentrate on the running of their business.

This will appeal to business owners feeling underserved by traditional finance providers, who are looking for a smarter way to borrow money and a more flexible way to repay the loans. Through the Xero and Liberis integration business owners will be able to access, and instantly connect their Xero account to their application.

An advance of up to one month of the business’ card takings is available, from £2.5k - £300k; this can be used for stock, refurbishment, cash flow or any other business needs.

Liberis CEO Rob Straathof says: “We use repayment technology that makes it simple for business owners to access and then repay the finance they need to grow, with an automatically diverted, pre-agreed percentage of every card transaction being sent to Liberis until the advance is repaid. Crucially this means that instead of a fixed amount every month, repayments are flexible and proportional to the revenue of the business.”
 

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