TSB has launched Revenu, a new app designed to help SMEs receive faster payments and manage their business finances.
The banking technology, developed by BankiFi, enables TSB’s business customers to collect consumer payments from requests sent via SMS, WhatsApp, email, and QR code.
The app uses Open Banking to speed up the invoice process. The platform also connects to existing accounting software with the aim of streamlining invoice management.
“Britain’s small businesses have shown incredible resilience to brave the tough trading climate under the pandemic," said Adeel Hyder, business banking director, TSB. "By launching Revenu, we are proud to further help their recovery, and future growth.
"Our latest digital solution will provide a vital boost to cashflow, while equipping customers with essential business management tools – at a time when these hard-working businesses need support the most.”
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