FINANCE

Hydr Launches a New Invoice Finance Platform for Small Businesses

Hydr | May 25, 2021

Hydr, a UK FinTech, has announced the launch of its proprietary invoice finance platform to assist small businesses in optimizing their cash flow. Hydr assists small businesses with managing their cash flow by providing fully digital onboarding, real-time funding decisions, transparent terms, and fixed fees. It pays the full amount of an invoice within 24 hours, minus a competitively priced fixed fee. For seamless integration of its platform, FinTech has collaborated with global small business platform Xero.

“The success of a business can not be measured by its ability to wait for payment,” said Nicola Weedall, Co-founder of Hydr. I've seen firsthand the transformative power of cash flow management, but we remove the barrier of waiting for payment by paying invoices in full within 24 hours. Our technology securely simplifies the whole operation from start to finish, with transparency and simplicity at the heart of our proposition.”

“We created Hydr to transform how we think about two things: the almost cultural acceptance that late payments only happen in this economy, and that invoice financing is only seen as a last resort,” said Hector Macandrew, Co-founder of Hydr. You'll never have to think about long or late payments again if Hydr is your partner. When done correctly, invoice financing is a powerful tool for optimizing cash flow, allowing business leaders to plan their future with confidence.”

Hydr states that the digital onboarding process takes just a few minutes. Once connected to Xero, funding decisions are provided in real-time; businesses create their invoice (s) in a single step, a fixed fee is calculated for the invoice, and Hydr manages the rest. There are no hidden charges or charges in addition to the fixed fee.

Spotlight

Business professionals and technology experts agree that the technological revolution we are facing today is just in its infancy. After observing computing power skyrocketing, we are starting to glimpse how a convergence of factors such as increased digital density, the amount of connected data, and the interactions that may be created  is enabling new kinds of business logic that threaten the status quo. The relative affordability of technology and the accessibility of capital are allowing small firms to provide solutions previously only available to established firms in any given industry. It is a fact that industries such as traditional media, automobiles, and banking are seeing an unbundling of solutions that blurs industry boundaries.


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FINANCE, SMALL BUSINESS ADVICE

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FINANCE, BUSINESS STRATEGY

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Counterpart | September 16, 2022

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MANAGEMENT

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Spotlight

Business professionals and technology experts agree that the technological revolution we are facing today is just in its infancy. After observing computing power skyrocketing, we are starting to glimpse how a convergence of factors such as increased digital density, the amount of connected data, and the interactions that may be created  is enabling new kinds of business logic that threaten the status quo. The relative affordability of technology and the accessibility of capital are allowing small firms to provide solutions previously only available to established firms in any given industry. It is a fact that industries such as traditional media, automobiles, and banking are seeing an unbundling of solutions that blurs industry boundaries.

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