GoCardless and Intuit QuickBooks have expanded the scope of their fintech partnership by launching services in two new major markets.
The duo first partnered in a UK and Ireland-facing deal back in 2016. The companies intend to build on its latest extension of the partnership by introducing a GoCardless app in the Intuit Quickbooks Marketplace in Australia and the US.
This app will be accessible to 225,000 QuickBooks users in the two markets. The firms believe that this will help clients reduce late payments and improve cash flows, whilst also giving small businesses the opportunity to gain greater control of their finances.
Seb Hempstead, VP of Partnerships at GoCardless, said: “Our partnership with Intuit Quickbooks is one way we can make life easier for small businesses in this tough economic environment.
“By reducing late and failed payments — plus the associated admin — and enabling automatic reconciliation, we can free up cash flow and keep costs down. This means that SMBs can spend more time growing their business.
“We’re excited to launch our apps in Australia and the US. Not only does this build on our long-standing relationship with Intuit QuickBooks, it also underscores our commitment to bringing the benefits of bank payments to small businesses everywhere.”
The partnership comes after an active couple of months for GoCardless. March was a particularly hectic month for the company in particular, seeing the acquisition of Nuapay from Australian multinational payments group EM Payments
This suggests the company may be looking to enhance its standing in the Australia fintech and payments sectors in general. The country is often cited as one of the leading economies regarding the adoption of Open Banking, an area GoCardless is also seeking to enhance its position in.
Like many other fintech and financial services firms, GoCardless has been eyeing up greater use of Open Banking, having been named a supplier on the Crown Commercial Service’s (CCS) Open Banking Dynamic Purchasing System (DPS) last month.
By inking its latest deal with Intuit, the company is both enhancing its presence in the US and Australia by building up its reach to new customers, both consumers and small businesses.
