How does Waddle work?
Fast funds from your unpaid invoices
You've delivered a product or service, issued invoices and you're now waiting to be paid. ... If you're eligible, funds can be in your account in 48 hours. Your customers repay the balance as they pay their invoices. Your loan is repaid as your customers settle their invoices.
What is Waddle xero?
Xero is acquiring Waddle, a lending platform for small businesses in Australia and the UK. This was announced by Xero on 25 August 2020. Waddle helps small businesses manage cash flow by offering invoice finance that allows them to access capital tied up in unpaid invoices.
How does invoice finance work?
Invoice finance is a way of borrowing money based on what your customers owe to your business. It works by using unpaid invoices to represent money that will be paid to you, avoiding the usual wait for the payment terms. These can be anything from 14 days to 90 days or even more.