Case Study: Hydr achieves 24-hour invoice financing with Railwaymen

Hydr cuts invoice funding time from weeks to 24 hours with Railwaymen

Hydr, a company providing invoice financing to small businesses in the UK, faced the challenge of an expensive and slow market where traditional factoring services could take weeks. They partnered with software development vendor Railwaymen to build a web application platform to streamline their entire process, from customer onboarding to payments.

Railwaymen implemented a solution for Hydr that included a multi-step onboarding system and a decision engine to automate verifications. This integrated with seven external services, including accounting software and open banking, to securely aggregate and analyze data. The result was that Railwaymen helped Hydr reduce its invoice funding process from several weeks to just 24 hours, significantly lowering operational costs and providing a highly competitive, automated service for its clients.

Hydr