Xero partners with Flinks to connect more Canadian and US small businesses to their banking data

TORONTO — DECEMBER 18, 2023 — Xero, the global small business platform, today announced it is partnering with Flinks, a leader in open banking, to give small businesses in Canada and the United States secure access to more than 20 direct bank connections and high quality transaction data.

The increased access for Xero customers to North American financial institutions can help small businesses and advisors to recoup time previously spent on manual data entry and reconciliation.

With the largest network of financial institution partners with live direct bank API connections in North America, Flinks will provide new and secure high quality bank feeds for customers in the US and Canada. For customers this will include, but not limited to, direct bank feeds with the National Bank of Canada and EQ Bank, as well as US based banks.

“Bank reconciliation is essential for every small business, bookkeeper and accountant, but manually entering transaction data takes precious time away from running the business and introduces room for error,” said Faye Pang, Country Manager, Canada at Xero. “Our partnership with a Canadian grown success story, Flinks, is just one more way we are expanding our bank feeds coverage to help provide Canadian small businesses with better visibility of their money coming in and going out.”

“Seamlessly getting data into the Xero platform is very important for small business success,” said Ben Richmond, Country Manager, United States at Xero. “Xero is committed to continually improving US and Canadian bank feeds in response to customer feedback, and tackling the broader industry challenge of getting reliable banking data into accounting platforms in North America.”

Xero and Flinks understand the benefits of open banking and are dedicated to the implementation of solutions that make doing business easier, making the partnership seamless from both a technical and cultural perspective. Both businesses continue to champion the benefits and role open banking will continue to play in guiding the responsible use of data and providing improved outcomes for small businesses — including reliable bank feeds.

"We strongly believe the benefits open banking will provide for consumers and businesses. This partnership is proof of that,” said Frédérick Lavoie, Co-founder & COO, Flinks. “Along with our commitment to expanding our direct bank network, we are excited to work with Xero to empower businesses to take their financial operations to the next level.”

As new banks enter the market or improve their bank feeds, and Flinks makes new API feeds available, the partnership means Xero’s customers can benefit from these faster than ever.

ENDS

Media Contact

Xero Canada | Kelly Kerr | capress@xero.com

Xero US | Diandra Binney | uspress@xero.com

About Xero

Xero is a global small business platform with 3.95 million subscribers which includes a core accounting solution, payroll, workforce management, expenses and projects. Xero also has an extensive ecosystem of connected apps and connections to banks and other financial institutions helping small businesses access a range of solutions from within Xero’s open platform to help them run their business and manage their finances. Xero is a FIFA Women’s Football partner.

About Flinks

Trusted by millions of individuals across North America accessing financial services at world-class companies, Flinks is a leader in data connectivity, data enrichment, and Open Banking. With the largest OAuth network and reliable Open Banking solutions, Flinks enables businesses to securely connect to their customers' financial accounts, enrich this data, and utilize it to deliver better digital products. To learn more, visit flinks.com