8.6 C
New York
Wednesday, February 24, 2021
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.

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

Recent posts

TransferWise gets rebranded as ‘Wise’

The rebranded company Wise drops the part Transfer as a signal of moving on from the money-transfer focus of the company.

Revolut about to increase fees and cut number of free trades

Revolut introduced additional fees on its free plan and trading on the Revolut platform will also become more expensive.

Exclusive: An interview with Michael Schweikart, a co-founder of the sustainable banking provider Tomorrow

Tomorrow is a social business FinTech company and a neobank, that was started in 2018 by founders Inas Nureldin, Jakob Berndt, and Michael Schweikart with a vision to use money as a lever for positive change. Since its launch in 2018, the company has 50+ employees and 55,000+ customers.

N26 introduces 100% digital account

The German digital bank has just announced the launch of a 100% digital N26 Standard account equipped with a virtual card.