Dext, a provider of bookkeeping automation as part of the IRIS Software Group, has entered into a strategic partnership with Airwallex.

This collaboration facilitates the introduction of Dext Payments later in 2025. It will integrate seamlessly with Dext’s platform to complete the accounts payable workflow, automating the journey from invoice upload through to payment.

Merging strengths for modern financial workflows

The partnership brings together the capabilities of two fintech leaders, both aiming to enhance financial processes for small and medium-sized businesses (SMBs) along with their accounting and bookkeeping partners. By combining Airwallex’s payment infrastructure with Dext’s intelligent automation platform, Dext Payments will offer a unified solution for managing supplier and expense payments, payroll, and streamlining the receipt of payments directly from invoices. This solution enhances security by verifying suppliers and payment details using data from Dext, ensuring accurate and easy transactions.

Addressing late invoice payments

SMBs in the UK often face challenges due to delayed payments, with an average lag time of 46 days according to recent reports. This delay impacts cash flow significantly. To address this issue, the UK Government has strengthened its Fair Payment Code to encourage prompt payment practices.

Dext Payments is designed to tackle these financial issues by providing a secure and centralised payment solution within Dext’s platform. This offers better clarity and control over financial transactions for businesses and their advisors.

For accountants and bookkeepers, Dext Payments enables the offering of payment services with quicker review and processing of client payments, automatic reconciliation, and enhanced fraud detection capabilities. These features are particularly useful given the new Economic Crime and Corporate Transparency Act requirements for increased transparency. Small businesses can leverage Dext Payments to make direct payments to suppliers and employees, expedite invoice collections, and manage multi-currency wallets with competitive foreign exchange rates. Businesses can accept payments using local bank details in 12 countries across more than 20 currencies.

Powered by Airwallex’s robust financial infrastructure, Dext Payments supports payouts in over 150 countries and more than 46 currencies.