Saturday 15th July 2023 | No. 59
XU Biweekly
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XERO LAUNCHES THE FIRST-EVER XERO AWARDS IN CANADA X
Annual program to recognize the outstanding achievements of Canadian accountants, bookkeepers and app partners
ERO, THE GLOBAL SMALL BUSINESS PLATFORM, IS PLEASED TO ANNOUNCE THE LAUNCH OF THE FIRST-EVER XERO AWARDS IN CANADA. THE ANNUAL PROGRAM CELEBRATES XERO’S VALUED COMMUNITY BY PUTTING ACCOUNTANTS, BOOKKEEPERS, AND APP PARTNERS IN THE SPOTLIGHT, AND RECOGNIZING THEIR COMMITMENT TO EXCELLENCE AND ONGOING SUPPORT OF THE SMALL BUSINESS SECTOR.
In its inaugural year, Xero invites its community of accountants, bookkeepers and app partners to submit nominations for the following eight categories in recognition of efforts between April 1, 2022 and March 31, 2023: • Accounting Partner of the Year • Bookkeeping Partner of the Year • Enterprise/National Partner of the Year • Cloud Champion of the Year • Innovative Partner of the
Year • Community Partner of the Year • Practice App Partner of the Year • Emerging App Partner of the Year The finalists in each category will be reviewed by a panel of 16 judges, inclusive of a cohort of tech and accounting industry leaders. Among this year’s judging panel are Rick Johal, CEO of CPB Canada, Leonie Phillips, Partner and co-founder of Action Exchange, Steve
Janz, Accounting Instructor at the Southern Alberta Institute of Technology, and Michael Kravshik, Co-founder and CEO at LumiQ. Judges will look to identify the accountants, bookkeepers, and app partners who have gone above and beyond to offer their clients the best value possible through: • exemplary service; • a broader commitment to the communities they operate within; and • demonstrated innovation
that aims to improve the lives or livelihoods of other accounting and bookkeeping partners, or their own small business clients. “The Xero Awards celebrate achievements and excellence across the Xero partner and app ecosystems. It’s a wonderful opportunity to thank our trusted partners for the amazing support they provide to their small business customers and the value they add to improving the accounting industry in Canada,” said
Faye Pang, Country Manager, Xero Canada. “It’s a pleasure to see our partners succeed and we couldn’t be prouder of the contributions they make to our small business community.” Nominations are open now until August 24, 2023. To learn more and apply, please visit xero.com/ca/awards23 before the deadline. The finalists will be announced on September 27, 2023 with deliberation leading to winner announcements on...
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Revolut launches in New Zealand Reaching for the Stars R Jirav Secures $20M in Series B
I
Funding. What's in it for You?
T’S AN EXCITING DAY AT JIRAV. TODAY WE’RE OFFICIALLY ANNOUNCING THAT WE HAVE RAISED $20 MILLION IN OUR SERIES B FUNDING ROUND LED BY COTA CAPITAL AND POWERED BY MANY OF OUR ONGOING INVESTORS. Jirav has experienced record growth over the past few quarters, with hundreds
of new companies joining our platform every month. This positive momentum affirms the value and trust our customers place in us. Thank you! This new round of funding will enable us to continue revolutionizing financial planning and analysis (FP&A) for accounting and finance teams around the world, building resilience in challenging economic con-
Saturday 15th July 2023
ditions. To propel our customers and Jirav forward, we will focus on fueling product development, expanding our customer base, and attracting exceptional talent to join our team.
Fueling Growth and Product Development Our goal has always...
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EVOLUT, THE GLOBAL FINANCIAL SUPER APP WITH MORE THAN 30 MILLION CUSTOMERS WORLDWIDE, HAS LAUNCHED ITS SERVICES IN NEW ZEALAND TODAY, DELIVERING KIWIS A FIRST OF ITS KIND DIGITAL MONEY EXPERIENCE.
For the first time ever, New Zealand residents will get access to Revolut’s seamless, safe and secure money app that enables them to affordably hold, send and spend in multiple currencies locally and when travelling, as well as save, track and manage all of their finances in one digital location.
More than 26,000 Kiwis have already registered their interest in joining the Revolut platform by signing up to the waitlist over a 12-month test period. Revolut’s launch marks a momentous milestone for financial services technology in New Zealand.
Disrupting the financial sector According to a recent survey by Consumer NZ*, almost 40% of Kiwi consumers don’t trust their banks which is unsurprising considering that collectively the sector recorded profits after tax of $1.5 billion since the March 2023 quarter yet
have continued to under index when it comes to their digital offerings. The continually high bank profits is demonstrative of the lack of competition available to consumers in New Zealand, and so by penetrating the financial services market in the country, Revolut hopes to both increase consumer choice and drive market competition.
Making FX affordable On average, major banks charge* between 3% and 4% on individual remittance transactions. In 2022...
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