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Xero Partners With Transferwise To Help SMBs With Cash Flow

May 26, 2020 / PYMNTS
SHARESHARESHARE

New Zealand cloud accounting startup Xero​, is collaborating with British payments startup Transferwise to offer a wider suite of financial tools to help small-and-medium-sized businesses (SMBs) navigate cash flow post-pandemic. “We know small businesses around the world are facing an uncertain future right now.  So our mission of making life easier for small businesses and advisers is now more important than ever. One way we can help is by making financial information real-time and insightful, making it easier for businesses to be paid faster and control their cash,” Anna Curzon, Xero’s chief product officer said in a statement. The new tools are intended to help small- to medium-sized businesses (SMBs) manage revenue, profit and cash flow as the coronavirus pandemic upended everyday business and daily life. Xero stepped up the launch of three pilot tools so businesses could get a clear picture of their financial situation.