Hydr provides a cash flow management platform that enables businesses to receive 100% of their invoice value within 24 hours through a digital onboarding process and integration with cloud accounting software. This solution addresses the issue of delayed payments, enhancing financial liquidity and allowing companies to focus on growth rather than chasing invoices.
Funding
$2.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+2Founders
Product
Problem
Many businesses, especially SMEs, face significant cash flow challenges due to delayed invoice payments, which can hinder their ability to meet financial obligations and pursue growth opportunities. Traditional invoice financing options can be complex, expensive, and require substantial administrative effort.
Solution
Hydr is a cash flow management platform that provides businesses with immediate access to funds tied up in outstanding invoices. Through a fully digital onboarding process and seamless integration with cloud accounting software like Xero, Hydr enables businesses to receive 100% of their invoice value, minus a fixed fee, within 24 hours. This solution eliminates the need to chase payments, improves working capital, and allows businesses to focus on core operations and expansion. Hydr also manages the payment relationship with the business's customers.
Target Audience
Hydr primarily targets small and medium-sized businesses (SMEs) that experience cash flow constraints due to delayed invoice payments.
Features
- Digital onboarding process that takes approximately 15 minutes
- Integration with cloud accounting software (e.g. Xero) for seamless data transfer
- Funding of 100% of invoice value, minus a fixed, transparent fee
- Payment received within 24 hours of invoice submission
- Eligibility checks performed within seconds
- Fixed fees that do not change, even if customers pay late
- Management of the payment relationship with customers