Finity & Hydr partner to deliver faster payroll funding solutions

Finity has partnered with invoice finance provider Hydr to deliver a combined solution targeting businesses with significant payroll needs. The integration will allow Finity's clients to access invoice verification and next-day funding, addressing challenges that often occur in cash flow and worker payments in the payroll and recruitment sectors.

Integrated funding

Through this integration, businesses using Finity can now link directly to Hydr's platform. This connection facilitates the automatic verification of invoices and, upon approval, the advance funding of approved invoices within 24 hours. The arrangement removes traditional delays caused by slow client payments and complex payroll processing, aiming to enhance the reliability of temporary and salaried worker payments.

Cash flow management

Hydr provides funding for 100% of invoice values within one day, working via integrations with major cloud accounting systems. The addition of Hydr's service to Finity's ecosystem offers companies a way to address cash flow uncertainties arising from staggered payment terms and high payroll volume. The process is automated to reduce the administrative burden on payroll teams.

"When we launched Finity, we wanted to build a new category - recfintech - that allowed those operating within the complex recruitment and wider payroll space to access the very latest technology for more reliable and efficient worker payments. Partnering with Hydr is the latest evolution of our solution, and really was a no brainer for us. Not only will our customers benefit from the confidence that payroll won't be held back by cashflow gaps or client payment terms, they also now have access to a holistic service that makes running high volume payroll easier than ever," said Varun Monteiro, CEO, Finity.

Automated processes

The collaboration aims to reduce manual processes in payroll management. By enabling direct integration of invoice finance within Finity's payroll platform, the solution is intended to offer an end-to-end managed workflow, from onboarding to payment. This is designed to support payroll bureaus, recruitment agencies, umbrella companies, and their workforce.

Hydr's approach centres on digitising and accelerating invoice finance, offering businesses an alternative to traditional financing lines or overdrafts. The partnership uses secure, cloud-based technology to enable fast access to capital while reducing manual intervention.

"Our technology was built to simplify and accelerate invoice finance, giving businesses access to fast, reliable funding without friction. By partnering with Finity, we're bringing fully automated invoice verification and 24-hour funding directly into the payroll process, so customers can unlock cash quickly, reduce administrative burden, and ensure workers are paid on time, every time. Together, we're delivering a solution that offers both speed and certainty," said Nicola Weedall, CEO & Founder, Hydr.

Finity and Hydr view the partnership as a means to address persistent cash flow issues and enable more predictable payroll operations for organisations managing large-scale workforce payments.