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Tech Lowdown: Sage, Starling Bank, AccountsIQ and more

This week’s roundup features Sage’s investment in Brightpearl, SumUp and Dinghy joining the Starling Bank marketplace, and AccountsIQ partnering with Tink.

6th Apr 2021
Staff Writer AccountingWEB
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Sage and Brightpearl partner alongside Sage investment

Sage has partnered with Brightpearl, a digital operations platform targeted at global digital retailers. The relationship will give retail and e-commerce customers access to a broader range of cloud finance and retail management solutions.

The partnership will be solidified by Sage’s minority investment of approximately £17m into the business, which will also give Sage a seat on Brightpearl’s board. According to Sage, the deal is consistent with its broader strategy to invest in complementary high growth cloud software applications. 

“As retail businesses from across the globe recover from the impact of Covid-19, trading online has gone from being a ‘nice-to-have’ to a ‘must-have’ for retailers,” said Sage COO Lee Perkins. 

“Digitising back office operations is a critical step towards transitioning to online commerce – and through investing in high growth, cloud solutions like Brightpearl, we are committed to supporting our customers to not only make that switch quickly and easily, but to also grow and compete”.

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SumUp card payments and Dingy business insurance join Starling Bank marketplace

SumUp: Once activated, Starling business customers using SumUp for payments will be able to see a summary receipt for all their incoming SumUp payouts in their Starling app. 

The SumUp breakdown in the Starling app includes:

  • Total value of payout

  • Number of transactions in payout

  • Total fees and taxes in payout

  • Total tips in payout

  • Summary by day if payout covers multiple days.

Dinghy: Offers professional indemnity, public liability and business equipment insurance policies to both sole traders and limited companies. All policies are flexible, and prices start at 30p per day, depending on which type of insurance you go for.

Starling customers with a sole trader or limited company business account can sign up to and manage Dinghy through the Starling Marketplace, the space in the app where you can connect to third-party services. 

“Both these new service providers have been chosen to reduce the number of hours SMEs have to spend on admin in order to free them up to spend more time running their business,” said Starling CEO and founder Anne Boden.

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AccountsIQ partners with Open Banking platform Tink 

AccountsIQ has joined forces with Tink to improve its user experience and provide more security and control over financial data. 

AccountsIQ’s open banking integration facilitates access to bank account data in the UK and Ireland and provides API integration for payments and receipts.

Users are presented with a simple workflow to enable them to set up and manage the connections to their banks and to sync with their banks periodically for new transactions that will be imported into the accounts system for reconciliation purposes. 

The secure integration is operated under the European Payment Service Directive 2 (PSD2) to ensure API access to statement data.

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