iwocaPay integrates with Quickbooks to offer B2B BNPL for cloud accounting software

Wednesday 8 February 2023 10:29 CET | News

UK-based fintech iwoca has integrated its B2B payment solution iwocaPay with Quickbooks’ accounting software package, making this invoice checkout integration available across the UK.


Quickbooks supports UK businesses with their accounting needs via a cloud-first approach that allows them to run their finances on the go from mobile devices. iwocaPay makes invoice checkout seamless, allowing buyers to settle via either Pay Now or Pay Later.

Integrating iwocaPay into the QuickBooks platform will enable businesses to get paid faster, have better control of their cash flow, and grow revenues. Industry research cited by iwoca showed that customers are 57% more likely to purchase when interest-free Buy Now, Pay Later options were offered.

iwoca incorporates its B2B payment solution iwocaPay with Quickbooks’ accounting software package, making this invoice checkout integration available across the UK

Innovative B2B Buy Now, Pay Later solution for cloud accounting products

This new integration follows on from the success of iwocaPay’s Xero integration, first rolled out in February 2021. Holding integrations with both accounting software giants makes iwocaPay one of the first B2B Buy Now, Pay Later solution for cloud accounting software across the UK.

The fintech also recently announced its extension with ecommerce platform WooCommerce. The new API behind both of these integrations makes iwoca one of the only UK-based B2B BNPL provider that’s fully omni-channel: available wherever businesses take payments, whether that’s invoices (like QuickBooks), ecommerce checkouts (like WooCommerce), or in person.

Business owners who link iwocaPay to their QuickBooks account will be providing a frictionless invoice payment experience with Buy Now, Pay Later options for their customers, whilst they get paid instantly. Customers can pay on the go, by scanning QR codes on their invoices that direct them to a smooth checkout journey.

Looking for more integrations to make B2B BNPL more readily available

Leading the way in embedded finance, iwoca is calling for more business collaborations to integrate with its B2B payments solution.

Company officials stated that they’re delighted that QuickBooks users now have the option to include iwocaPay on their invoices, so that they can offer business customers Buy Now, Pay Later, without carrying the credit or late payment risk themselves. The ability for them to offer this flexibility to customers during turbulent economic times will help B2B businesses attract more customers and make more money, whilst having better control of their own cash flow.

iwocaPay welcomes more integrations of this kind. Their aim is for their digital B2B BNPL payment solution to be accessible to the entire business ecosystem, whether that’s through accounting platforms, ecommerce sites, or somewhere else. Small businesses owners can add iwocaPay as an invoice payment method to their Quickbooks invoices by signing up to iwocaPay and integrating it from their iwocaPay dashboard.

What does iwoca do?

iwoca is unlocking economic growth by expanding the financial possibilities available to small business owners. Since launching in 2012, they’ve made more than GBP 3.5 billion of finance available to 90,000 businesses, and raised over USD 500 million in equity and debt finance. iwoca provide loans, payments, and invoice solutions for small businesses in any industry.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: BNPL, partnership, SMEs, payment methods, cloud services
Categories: Payments & Commerce
Companies: Iwoca, QuickBooks
Countries: United Kingdom
This article is part of category

Payments & Commerce




Discover all the Company news on Iwoca and other articles related to Iwoca in The Paypers News, Reports, and insights on the payments and fintech industry:

Industry Events