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Hydr

By Hydr
5 out of 5 stars
A seamless integration with Xero enabling your invoices to be paid within 24 hours. No duplication, no fuss – just a fixed fee with great service!
Rated
5.0
out of 5
Reviewed by
2
Xero users
Listed for
3 years
June 2021
Key functions
Loans, financing and credit

Overview

Hydr enables 100% of the value of your eligible invoices to be financed. Our fully digital process means that you can onboard your company and nominate which customers you would like to be financed within a matter of minutes and, once verified, we pay you within 24 hours.

A big difference between us and our competitors is that we are taking funding decisions on a per invoice basis using our unique algorithm. You are not applying for a set amount of credit - if your invoices are eligible you can fund as many or as few as you like.

Our pricing is fixed: what we quote is what you pay.

Hydr + Xero

Once you have connected your Xero account, this connection is maintained for the time you are having your invoices financed by us. We only utilise the data from your account that we need to provide our service.

Through some algorithmic magic, we will tell you which of your customers we could fund and how much we would charge. These are fixed quotes for funding 100% of the value of those invoices minus our fee.

The best part is that once your customers have been verified, you simply raise your invoices on Xero and we pay them the next day! There is no need to re-enter data on to our platform.

Reviews & ratings

5.0 out of 5 stars
2 Reviews

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Most recent reviews

RM
Ryan Mills
Posted 28 Oct 2021
5 out of 5 stars

Couldn't be without Hydr!

Great service, great onboarding and great product. Easy to use and a great service from the team, not just with me but more importantly with my customers.
LO
Lorna O'Neill
Posted 22 Jun 2021
5 out of 5 stars

Amazing

Hydr is brilliant and I recommend it to any business who wants to optimise their cash flow. Onboarding is slick and really easy, then after that you don't need to change your behaviour or do anything different - I just carry on raising my invoices in Xero as I did before and Hydr puts the funds in my account almost immediately. I'd never used invoice finance before but I'm completely converted. The team are lovely as well, really friendly and super knowledgable. It's like having the finance team I never knew I needed!

Additional info

Shared data

Xero
Hydr
Accountsshared from Xero to Hydr and from Hydr to Xero
Bank Transactionsshared from Xero to Hydr and from Hydr to Xero
Bank Transfersshared from Hydr to Xero
Contactsshared from Xero to Hydr
Invoicesshared from Xero to Hydr
Journalsshared from Xero to Hydr
Overpaymentsshared from Xero to Hydr
Paymentsshared from Xero to Hydr
Prepaymentsshared from Xero to Hydr
Receiptsshared from Xero to Hydr
Reportsshared from Xero to Hydr

Functions

Loans, financing and credit

App details

By Hydr
Added in 2021

Get started with Hydr

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Although Xero reviews each app in the Xero App Store, we can’t give any guarantees. It’s up to you to assess the performance, quality and suitability of any app before going ahead.