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Revolut says the booming B2B automation sector is why they are integrating the new accounting application. Data from Revolut Business indicates that 25% of all B2B payments are now initiated from an API – up from 5% two years ago.
Revolut Business used a “draft payments solution” to enable Clear Books to embed payments creation functionality directly into its accounting and payroll software without having to be a registered payment initiator.
Revolut said it expects this trend for financial services embedded in third-party products to continue and has built a Marketplace to house these apps.
James Gibson, Head of Product at Revolut Business stated:
“We’re focused on building innovative products that help businesses save precious time and money. Our partnership with Clear Books does just this – allowing customers to set up draft payments directly from Clear Books in a couple of taps. Going forward we see a huge opportunity for the automation of basic tasks by using the power of APIs.”
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