Swoop and Sage partner to help business access funding

By Gloria Methri

Swoop, a FinTech company specializing in funding solutions, and Sage, an expert in accounting, financial, HR, and payroll technology, have partnered to help businesses and accountants access a wide range of funding opportunities.

The partnership will also help identify opportunities to reduce business costs in areas such as energy, banking, and foreign exchange. By integrating their Sage accounting software once, businesses can identify more accurate funding opportunities, streamline the funding process, unlock business savings, and benefit from tools such as cash flow forecasting.

The global partnership brings a wide range of funding opportunities for businesses, including grants, loans, and equity investments, whilst streamlining the application and approval process. Trusted advisors, such as accountants and financial professionals, will also benefit from this partnership, gaining the tools and resources to guide their clients effectively through their funding journeys.

“In a world full of fluctuations, with inflation and interest rates on the rise, businesses are facing unprecedented challenges, so it is important to make business finance more accessible and less daunting,” said Chip Mahan, Global Commercial Head, Fintech, Payments & Banking at Sage. “This partnership with Swoop aligns perfectly with our mission and will make accessing essential financial capital quick and easy, ensuring businesses have the support they need to succeed.”

Andrea Reynolds, CEO of Swoop, echoed these sentiments, stating, “We are thrilled to partner with Sage to bring our funding expertise to businesses and advisors worldwide. Together, we will simplify the path to financial empowerment for businesses of all sizes.”

Micheál Martin, Tánaiste (Deputy Prime Minister) and Minister for Foreign Affairs, Ireland, said, “I am delighted to acknowledge both Swoop and Sage in the development of an effective funding platform for the small and medium enterprise sector. The innovative combination of the advanced technology platform of Swoop combined with Sage’s globally recognised cloud-based accounting software will provide great assistance to company leaders as they look to funding options.”