Our new partnership with Xero
We are very proud to announce that MarkerInvoice has joined the Xero marketplace as a founder member of the business finance category.
This partnership means that Xero’s 164,000 subscribers can now benefit from invoice finance, accessed easily through the marketplace. We’ve already provided funding against over £1.1bn worth of invoices since 2011 and this year we’re aiming to double that, helping even more businesses across the UK with the addition of our new confidential invoice discounting service, MarketInvoice Pro.
MarketInvoice Pro is a confidential invoice discounting service designed for businesses with a regular need for funding. Businesses using Xero can access a flexible funding line backed by all of their outstanding invoices, with limits of up to £5 million (subject to eligibility criteria).
Our partnership with Xero will help more businesses make smarter decisions, improve cash flow, and get paid faster. Accountants and bookkeepers using Xero can seamlessly connect with MarketInvoice, both ensuring the integrity of data and taking away the admin burden of manually uploading financial information.
A significant number of businesses that use MarketInvoice already use cloud-based accounting software. This connectivity enables faster integration, data capture, analysis and ultimately faster funding decisions.
Anil Stocker, co-founder and CEO said: “We’re excited to be launching this finance integration with Xero – a company that shares much of our DNA in finding new ways to help businesses access capital.
“Our technology allows businesses to integrate directly with the Xero platform ensuring a fast set up, credit decisions and a smooth process to manage the company’s on-going funding drawdowns. This is yet another step in our journey in using technology to make finance easier for businesses.”
“The synergies between our product and Xero mean that accountants and bookkeepers will be able to engage with us to deliver cutting-edge financial solutions to their clients.”.
Gary Turner, managing director UK of Xero said: “Small business is the lifeblood of the UK economy – they are central to delivering economic growth and prosperity. We want all small businesses to thrive through better tools, information and connections.”
Our main ambition is to support a wider range of businesses, from start-ups to businesses looking to scale-up. We want to help even more companies can get paid faster by financing their invoices, meaning business leaders can focus on what’s most important – running their business.