Xero and Plaid Collaborate to Enhance Banking Access for Small Businesses

July 16, 2025 - 23:37

Small business platform Xero has teamed up with financial data network Plaid in a strategic partnership designed to significantly improve access to banking services for small businesses. By leveraging Plaid's extensive financial data connectivity, Xero aims to streamline the banking experience for its users, making it easier for them to manage their finances.

This collaboration is expected to triple the number of small businesses that can benefit from enhanced banking solutions. With the integration of Plaid's technology, Xero users will gain access to a wider range of financial tools and resources, allowing them to make more informed decisions about their banking options.

The partnership comes at a crucial time when many small businesses are seeking innovative solutions to navigate the complexities of financial management. By combining their strengths, Xero and Plaid are poised to empower small business owners, helping them to thrive in an increasingly competitive landscape. This initiative signifies a commitment to supporting the growth and sustainability of small enterprises through improved financial accessibility.