DueCourse, the cloud-based financing service for SMEs, has been approved as a trusted financial services provider for the Xero App Marketplace.
The company’s smart technology allows small businesses to get paid on their invoices in just a few hours, rather than waiting a month or more.
Paul Haydock, CEO at DueCourse, says: “Partnering with Xero is the result of hard work by both companies to ensure that our customers receive the best possible experience when using DueCourse with Xero.
“From the start of our working relationship we’ve developed our product with Xero’s users in mind and being included in the App Marketplace confirms that we are one of their trusted providers of finance to small businesses across the UK.”
Available to Xero users since September 2015, DueCourse passed a rigorous testing process to ensure that it offers a high quality experience to Xero customers.
Gary Turner, UK Managing Director at Xero, says: “The philosophy is simple; better accounting data leads to better decisions and easier access to capital needed by so many small businesses.”
Businesses using Xero can connect to the DueCourse app from the Xero app store, part of the platform’s ecosystem.
Xero approval follows DueCourse securing £6.25 million of investment in its latest round of funding; the largest investment seen outside of London for a FinTech company.
New backers include the founders and investors of Zoopla, LoveFilm, TransferWise and LinkedIn.
The company has over 800,000,000 subscribers in more than 180 countries, integrates with over 500 apps, and was ranked No. 1 by Forbes as the World’s Most Innovative Growth Company in 2014 and 2015.
Joining DueCourse in Xero’s business finance marketplace are working capital lender, iwoca, and peer-to-peer lender, MarketInvoice.