NEW YORK, Apr. 1, 2019 /PRNewswire-PRWeb/ -- Flippa, the leading platform enabling online small business owners to seamlessly exit, today marked its one billion dollar buyer fund with an integration with Quickbooks Online, a cloud accounting software that small businesses use to manage sales and expenses and keep track of daily transactions. Now, financial information in Quickbooks will sync with the Flippa platform in one-click, eliminating the need for manual imports or exports of data to enable deeper financial transparency.
"We're excited to be able to announce that this week, our buyer wallet has grown past $1.2 billion, which reflects the immense level of demand and trust Flippa has cultivated with those who drive the online SMB economy. Adopting Quickbooks Online to provide a frictionless experience for prospective buyers was the logical next step to ensure that they can trust and verify the financial health of an entity prior to expressing interest," said Flippa CEO, Blake Hutchison.
An industry first, buyers can now benefit from increased transparency into financial verification to assess the performance and viability of a business prior to engaging in conversation with sellers. Sellers can now connect and reveal their financial information to buyers much faster, with less work. The financial verification can also be used to pre-qualify businesses when a buyer would like to apply for a loan.
Hutchison adds, "Acquiring and selling a business can be a time consuming and confusing process - Flippa aims to simplify that. We are the only end-to-end platform that assists small business owners with the sale of their business. In a market with a total transaction value of well over $10 billion, we hope the simplification is helpful to both parties."
While there's roughly over 30 million SMBs in the United States, there remains a dearth of resources for those looking to sell. Flippa aims to fill the gap for buyers and sellers, and after a decade the company continues to support the small business community, connecting them with more than 128,000 registered buyers, with 55% of them with purchasing intent within the next 12 months. Flippa will continue to roll out new features to construct a simple and connected selling process, improving ease of use, offered services and connection to buyers.
For more information, please visit: http://www.flippa.com/about.
About Flippa
Flippa is the leading platform connecting over 128,000 micro, small and medium business owners with the platform's buyers fund of $1.2 billion dollars. Flippa provides a frictionless experience enabling owners to navigate their exit by offering a variety of services including valuations as well as financial health verification for buyers. The ten year old company has grown to sell over $200 million worth of businesses, selling thousands of micro and small businesses each year. Over 150 new businesses choose to sell with Flippa each month appealing to the world's largest buyer base.
SOURCE Flippa
Share this article