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Meet Hydr: How this female-led fintech from Manchester is helping SMEs manage cash flow effectively

Hydr

Hydr is a simple invoice financing solution for small businesses. Launched in May 2021, it helps SMEs by improving the cash-flow, and removing some of the risk, for their business. Launched by Nicola Weedall and Hector Macandrew, Hydr (pronounced hi-der) is already helping businesses to focus on their core activities rather than worry about waiting or chasing for payments.

Invoicing is often considered a downside of small business — no one starts a business because of their passion for writing and chasing invoices. However, long waits for payment are, increasingly, becoming the norm. This leaves small businesses suffering from cashflow problems while they wait for income. During the Covid-19 pandemic, the Federation of Small Business found 62% of SMEs had experienced longer delays or even frozen payments when invoicing corporate clients. 

How Hydr helps SMEs  

Nicola Weedall, one of Hydr’s co-founders, believes their product is unique. Integrating seamlessly with Xero, the popular accounting package, Hydr offers clients 100% of the invoice value, less a small, transparent, fee. After an immediate decision, payment will be made within 24 hours. ...

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