Hydr

A challenge faced by all small businesses is cash flow: for those that raise invoices, it is not uncommon to have to wait 90 days or more to be paid. A solution to this is invoice finance.

We have created software that we believe is revolutionising invoice finance by making it an attractive, accessible proposition to the SME market: our software enables 100% of the invoice to be funded for a fixed fee, the balance paid to the business in 24 hours. Better still, signing up for an account is completely digital, taking around 15 minutes.

Our algorithm makes funding decisions in real time - we even manage collections on our customers' behalf, saving them valuable time and removing the need for those awkward chaser conversations (which no one likes!).

Our integration with cloud accounting and open banking makes the ongoing management of an account intuitive and straightforward. Customers don't even need to upload their invoices - our software picks them up automatically.

Monetisation strategy
We have been trading since May '21. We charge lenders a fee for the use of our software.

Our next goal is to develop our software as a white-label proposition to sell to financial institutions, as we believe this will enable them to fund invoices of their existing SME customers at a lower cost to serve. We have commenced discussions with one bank about potentially trialling our software.







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£6.5m of invoices funded using our software since launch, >3,500 individual transactions powered by Hydr's software, Signup takes around 15 minutes for SME customers, Deeply integrated with the major cloud accounting providers