Revolut Business partners with Clear Books

Revolut Business has doubled down on APIs by partnering with accounting software company Clear Books.

The FinTech said that the partnership will enable business customers to access a quicker and easier way to manage bills and payroll directly from their Clear Books accounts.

The new integration is built on Revolut’s Open Banking framework, which allows partners to embed the company’s functionality into their applications and develop features, without being a financially regulated institution.

According to Revolut, 25 per cent of all B2B payments are now initiated from an API, up from 5 per cent two years ago.

“We’re focused on building innovative products that help businesses save precious time and money,” said James Gibson, head of product, Revolut Business. “Our partnership with Clear Books does just this - allowing customers to set up draft payments directly from Clear Books in a couple of taps. Going forward we see a huge opportunity for the automation of basic tasks by using the power of APIs.”

Ruth Fouracre, chief executive at Clear Books said: “Small businesses can face an overwhelming amount of business admin. By allowing users to create draft payments directly from Clear Books, we’re removing the admin burden of rekeying all that information into Revolut to make the payments. Together, we’re making bill and payroll payments quicker and easier for small businesses so they can get back to doing the things they enjoy most.”

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