Airwallex and Xero Partner to Help SMBs Save Time and Money

Airwallex and Xero Partner to Help SMBs Save Time and Money
10.03.2020 11:37 am

Airwallex and Xero Partner to Help SMBs Save Time and Money


Global fintech leader Airwallex today announced an integration with Xero, the global small business platform – to help Airwallex’s small-to-medium business (SMB) customers seamlessly reconcile their domestic and international payments, saving time and ensuring accuracy. This integration is part of the company’s ongoing commitment to enable SMBs’ growth in an increasingly borderless world.

From today, Airwallex’s integration with Xero will enable SMBs to connect their multi-currency financial transactions in Airwallex to Xero. This will allow Airwallex customers to view a daily update of their transactions* through their Xero bank feeds, simplifying and speeding up the reconciliation process to free SMBs from labour-intensive manual processes so they can instead focus on driving business growth.

SMBs will also have full visibility of their Airwallex funds within Xero’s interface to gauge their business’ financial health and position at any given time.

“Small businesses do not have the time or resources to manage multiple technology solutions that often operate in silos – they need solutions to work and integrate with each other seamlessly. This is even more imperative when it concerns their multi-currency financial reporting as there is no room for errors,” said Jack Zhang, CEO and Co-founder, Airwallex.

“An integration with Xero is one of the most requested integrations from our customers. We have been listening and are delighted to be able to offer this to our Australian customers from today, with a wider international rollout planned across 2020. This is the start of a series of capabilities that we plan to introduce with Xero to improve the way small businesses manage their finances across platforms,” Jack added.

Ian Boyd, financial industry director at Xero, said: “As more small businesses enter overseas markets, it’s important that their multi-currency payments flow seamlessly in Xero and are automatically reconciled. This integration with Airwallex will ensure our mutual customers spend less time on administrative tasks and more on what’s important to them -- running their business.”

Airwallex currently offers SMBs the ability to access interbank foreign exchange rates on international payments and transactions. SMBs can also easily open accounts in the US, UK and EU on Airwallex, allowing them to break down the barriers of achieving international growth.

With Airwallex’s recent launch of the Airwallex Borderless Card in partnership with Visa, along with today’s Xero integration, the company now provides an alternative business account for modern businesses that want to operate and bank online.

The integration is currently live in Australia, and will become available in the UK and HK later this year.

*Xero Premium account users will be able to connect multi-currencies. Xero Starter and Standard account users will be able to connect a single domestic currency.

Related News

EPA launches Project Recovery to keep FinTech on the world stage

The Emerging Payments Association (EPA), which celebrates collaboration and innovation across the emerging payments industry, has today launched Project... Read more »

PayPoint Survey: 1 in 4 renters are behind in payments

As the UK eases out of lockdown and approaches the end of the furlough scheme, a survey of social and private renters* by the payment provider, PayPoint, has... Read more »

Onyx CenterSource announces global partnership with WEX to expand digitized payments options

Onyx CenterSource, a leading global provider of B2B payments and business... Read more »

DocuSign rolls out DocuSign Payments globally

DocuSign has announced the international expansion of its integrated payment solution, DocuSign Payments.

Read more »

Auriga, provider of next-gen banking technology, opens its first offices in Spain and Mexico

 Auriga, an Italian company specialising in omnichannel banking solutions, today announced the opening of two new... Read more »

Belgian Saint-Sixtus Abbey in Westvleteren partners with Ingenico to strengthen their click & collect system of the ‘best beer in the world’

Ingenico Group (Euronext: FR0000125346 - ING), the global leader in seamless payments, today announced its partnership with the Saint-Sixtus Abbey, brewers of... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel