Swoop, a prominent FinTech specialising in funding solutions, has joined forces with Sage, a leader in accounting, financial, HR, and payroll technology, to announce their ambitious global partnership.
This collaboration aims to revolutionise the way businesses access diverse funding opportunities and identify avenues for cost savings.
By integrating Sage’s accounting software, businesses can enhance their access to funding, streamline processes, unlock savings, and leverage tools like cash flow forecasting.
In today’s dynamic economic landscape, businesses often grapple with the challenge of securing the financial capital required for growth. Research conducted by the Sage Foundation has highlighted that the lack of financial resources remains a significant obstacle to business success. Recognising this pressing need, Swoop and Sage have come together to simplify and expedite the process of accessing vital funding, benefiting both businesses and their trusted advisors.
Navigating the complex landscape of funding opportunities can be daunting for businesses. The partnership between Swoop and Sage aims to bridge this gap by offering a user-friendly platform connecting businesses and accountants with the financial resources they need. This global partnership opens doors to a wide range of funding options, including grants, loans, and equity investments, streamlining the application and approval process.
“In a world full of fluctuations, with inflation and interest rates on the rise, businesses are facing unprecedented challenges, so it is important to make business finance more accessible and less daunting,” said Chip Mahan, Global Commercial Head, FinTech, Payments & Banking at Sage. “This partnership with Swoop aligns perfectly with our mission and will make accessing essential financial capital quick and easy, ensuring businesses have the support they need to succeed.”
Andrea Reynolds, CEO of Swoop, echoed these sentiments, stating, “We are thrilled to partner with Sage to bring our funding expertise to businesses and advisors worldwide. Together, we will simplify the path to financial empowerment for businesses of all sizes.”
Micheál Martin, Tánaiste (Deputy Prime Minister) and Minister for Foreign Affairs, Ireland, said, “I am delighted to acknowledge both Swoop and Sage in the development of an effective funding platform for the small and medium enterprise sector. The innovative combination of the advanced technology platform of Swoop combined with Sage’s globally recognised cloud-based accounting software will provide great assistance to company leaders as they look to funding options.”
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