Swoop, a fintech company specialising in funding solutions and Sage, the leader in accounting, financial, HR, and payroll technology, are excited to announce their global partnership aimed at helping businesses and accountants access a wide range of funding opportunities. Navigating the complex landscape of funding opportunities can be daunting for businesses. The partnership aims to bridge this gap by providing a user-friendly platform that connects businesses and accountants with the financial resources they require.
In addition, the partnership will help businesses to identify opportunities to reduce costs in areas such as energy, banking and foreign exchange, providing a significant impact on the bottom line.
By integrating their Sage accounting software once, businesses can identify more accurate funding opportunities, streamline the funding process, unlock business savings, and benefit from tools such as cash flow forecasting.
Businesses often face challenges in securing the financial capital they need to grow and thrive. Research conducted by the Sage Foundation has highlighted that the lack of financial resources remains one of the most significant obstacles businesses encounter on their journey to success.
Recognising the importance of overcoming this challenge, Swoop and Sage have joined forces to simplify and expedite the process of accessing vital funding for businesses and their advisors. This innovative partnership will enable advisors and businesses worldwide to effortlessly explore and tap into various funding options that suit their unique needs.
The global partnership brings a wide range of funding opportunities for businesses, including grants, loans, and equity investments, whilst streamlining the application and approval process. Trusted advisors, such as accountants and financial professionals, will also benefit from this partnership, gaining the tools and resources to guide their clients effectively through their funding journeys.
Andrea Reynolds, CEO of Swoop, said: “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.”
“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.”
Micheál Martin, Tánaiste 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.”
Paul O’Riordan, VP Partners, Ireland, Sage, said: “We’re excited about this partnership as we know from our research that access to finance is one of the biggest hurdles businesses currently face, yet it is crucial to any future economic recovery in Ireland. Businesses that can access finance have a bigger range of opportunities facing them to grow than those that don’t. I’m excited to see Irish businesses grab this opportunity with both hands and use it to reach their full potential.”
The partnership marks a significant step towards levelling the playing field for businesses and underscores their importance in driving global economic growth. With this collaboration, the future looks brighter for entrepreneurs and businesses worldwide.