Newtek Bank Expands App Connectivity to Sage, Xero, FreshBooks and Restaurant365

GlobeNewswire··US·Read original
2▲1 ▼0Impact / 5
Summary · why it matters

NewtekOne, Inc. announced that its bank subsidiary, Newtek Bank, N.A., has expanded connectivity between Newtek Bank accounts and the accounting and business applications independent business owners use to run their businesses. Newtek Bank now integrates with Sage, Xero, FreshBooks, Restaurant365 and other leading applications, building on its existing connectivity with QuickBooks and broadening the digital ecosystem available through Newtek Advantage. By connecting with QuickBooks, Sage, Xero and FreshBooks, Newtek Bank can integrate with accounting platforms representing approximately 85% of the U.S. small-business accounting software market, with additional supported applications including 1-800Accountant, Expensify, AppFolio and BILL. Newtek Advantage, the company's internally developed and patent-pending online business portal, serves as the central customer experience for Newtek Bank and NewtekOne's broader suite of business solutions. Chairman, President and Chief Executive Officer Barry Sloane said independent business owners increasingly expect their bank to work inside the digital systems they use, and that the expanded connectivity makes banking information more connected to customers' daily workflows.

Impact on assets 7

Cloud & Digital Infrastructure▲
Digital Finance & Tokenization▲
NewtekOne, Inc.
NEWT
▲ PositiveTechnologyrelevance

Newtek Bank expanded its Newtek Advantage portal connectivity to Sage, Xero, FreshBooks, Restaurant365 and other accounting apps, broadening its digital ecosystem.

Financials▲

Off-coverage companies 5

1-800Accountant
Private± Mixedrelevance

FreshBooksi
Private± Mixedrelevance

Newtek Bank, N.A.i
Private± Mixedrelevance

Restaurant365i
Private± Mixedrelevance

Xero Limitedi
Private± Mixedrelevance