Xero and Barclays are partnering to give small businesses and their accountants easier access to the services and funds they need to manage and grow their business.
The addition of Barclays to Xero’s growing list of strategic banking relationships shows how the financial web is evolving. Xero now works with more than 75 of the best financial institutions across NZ, Australia, UK and USA.
In the UK, five of the top six banks now have direct feeds to Xero, and Lloyds will be coming soon. This gives us coverage for over 90% of UK’s small businesses.
The announcement, made in front of more than 1,300 accountants and partners at Xerocon in London, demonstrates Xero’s ongoing commitment to automating small business financial management and shows these large institutions recognize the role Xero has to play in the global financial technology sector.
Using real-time flows of financial data and automation, Xero takes care of tasks like reconciling transactions, managing payments and chasing invoices, empowering small business owners to spend less time on the books and more time growing their businesses.