Metro Bank and BankiFi Launch Invoice Solution for SMEs

Metro Bank has partnered with BankiFi to introduce a new digital solution, Invoice It, aimed at supporting small and medium-sized enterprises (SMEs) with payment processing. The service, available to Metro Bank's Business and Commercial Current Account customers, offers businesses an efficient platform to send and receive payments, whether through mobile apps or a web-based portal.

Invoice It aims to ease financial administration by automating payment tracking and reducing the time spent manually chasing late payments. The platform is also compatible with popular accounting software, allowing users to streamline their invoicing processes. According to Metro Bank representatives, the collaboration addresses the persistent payment issues faced by small businesses, helping them to scale their cash management capabilities and focus on core business activities.