GoCardless and Xero renew partnership to help SMEs

By Gloria Mathias

GoCardless, the bank payments company, has announced the renewal of its strategic partnership with Xero, the global small business platform.

The agreement builds on a long-term relationship that started in 2016 and focused on helping small businesses get paid faster. For GoCardless, this also represents a doubling in the accountancy space, a key sector for the fintech as it executes its ambitious growth plans.

Through this partnership, Xero’s small business customers can improve their cash flow and get paid up to twice as fast by seamlessly connecting their online invoice payments to the GoCardless platform.

The partnership enables Xero’s customers to use GoCardless directly within the platform to collect recurring and one-off payments without hidden fees easily. This is through direct debit, which minimises the likelihood of late payments, and a GoCardless feature to collect instant, one-off payments powered by open banking in the UK and PayTo in Australia.

Leigh O’Neill, EGM – Money at Xero said, “We’re excited to strengthen our relationship with GoCardless by renewing our partnership. More than ever, with macroeconomic pressures, small businesses around the world need different ways to maintain a healthy cash flow. Our partnership with GoCardless offers Xero customers the ability to tap into GoCardless’ global bank payment network so they can get paid faster.”

Seb Hempstead, VP of Partnerships at GoCardless noted, “Our relationship with Xero started with our shared ethos of supporting small business. Throughout the years, our joint customers have told us how much this strategic partnership has transformed their business, from freeing up hours of valuable time to solving their cash flow woes.

“As we ‘renew our vows’ for another five years, we look forward to bringing the latest in bank payments to millions of small businesses to help them win and retain customers, save time and money, stress less and get paid on time,” added Hempstead.

The GoCardless integration is available to all Xero subscribers in the UK, Australia, Canada, Ireland, New Zealand, and the United States.