8.6 C
New York
Thursday, February 29, 2024
Home Challanger banks Revolut Business now works with Clear Books

Revolut Business now works with Clear Books

London based Revolut announced yet another product integration to the Revolut Business Connect ecosystem – Clear Books.

Clear Books provides online accounting software for small businesses, contractors, freelancers and sole traders. With using Clear Books, customers are able to create and send invoices, track bills and expenses, and create reports and tax returns.

Read also: Revolut cuts about 60 jobs citing COVID-19 crisis measures

Clear Books was founded in 2008 and currently serves 13,000 small businesses, contractors, and freelancers in the UK.

‘Revolut Business Connect’ currently includes Xero, FreeAgent, and Zapier. All businesses from the UK are able to integrate with Clear Books to view transaction records track whether invoices are paid or outstanding, record bills and expenses, and automatically create financial reports.

Revolut Business launched in July 2017 and has already accumulated around 400,000 customers worldwide. The goal is to attract the mass of UK and overseas businesses, which are still clinging to traditional banking.

“Most SMEs have stuck with longstanding, traditional business account relationships, but this is set to change,” said Revolut’s head of product, Vaidas Adomauskas.

“Today’s global SMEs are embracing accounting or collaboration solutions such as Xero and Slack, that make running a business easier. They’re looking for features that make running their business finances faster, more flexible, and more friendly toward global growth,” he added.

Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

Recent posts

Payment Technology Trends Shaping 2024 and Beyond

In commerce, staying ahead means understanding and implementing the latest in payment technology trends.  As we edge toward 2024...

The Future of Digital Payments: Exploring PayPal Alternatives

PayPal has been a major force in digital payments since its debut in 1998, leading the charge in online financial interactions. However,...

2024’s Financial Innovators: A New Era of Banking Startups 

In the wake of the COVID-19 pandemic, our world witnessed an unprecedented shift towards digitalization. The banking industry, in particular, has been...

Nubank: Supercharged Banking and Predicted to Soar Beyond $100 Billion

In this blog, we will explore two exciting developments that have everyone talking about Nubank: its potential for exponential growth in share value and its remarkable expansion to serve more than 90 million customers across Latin America.