The bank will offer Rapid Cash working capital solution direct to Xero users
In Brief:
- NatWest is integrating business customers with accountancy platform Xero - allowing subscribers direct access to NatWest's financing service.
- In doing so NatWest will extend businesses using Xero its Rapid Cash service - offering a flexible line of credit to cover unpaid invoices for up to £500,000.
- Xero provides 536,000 UK businesses to its ecosystem which has more than 800 third-party apps and 200 connections to banks and financial service providers.
What it means
Through this collaboration NatWest can increase broader connectivity between its suite of digital banking services and offer customers streamlined routes to improved digital products and services.
