Cloud accounting company Xero ties up with DBS, wants to help SMEs access capital more efficiently

First, the partnership will integrate DBS bank accounts with Xero software. Next, the goal is to help SMEs when applying for loans

Xero, a New Zealand-based global company that helps SMEs bring their accounting into the cloud, announced today it has inked a strategic partnership with DBS Bank. The deal will allow Xero and DBS customers to make payments and apply for loans through the integrated cloud platform.

The first step is to connect the accounting software of Xero with client’s DBS...

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