Aug. 10 2020 07:04 AM

Deepened partnership with Stripe eases cash flow and provides access to capital for growing businesses.

Photo: Jobber

Jobber, Edmonton, Alberta, a provider of job tracking and customer management software, expanded its partnership with technology platform Stripe to offer flexible financing and instant payouts to its customers in North America. Jobber is deploying Stripe Capital to make it easier for home service providers to access the capital they need to invest in their businesses and grow. In addition, Jobber’s customers have access to instant payouts, powered by Stripe and Visa Direct, Visa’s real-time push payments platform, to receive the funds they’ve earned within seconds.

“Cash flow is critical for small businesses as they respond to changing circumstances,” says Sam Pillar, CEO and co-founder of Jobber. “This could mean investing in equipment to take on a new type of work or plugging a receivables gap to meet payroll. We’re excited to extend our partnership with Stripe to offer our customers capital and real-time access to funds so they can take on more jobs and better operate their businesses.”

With Stripe Capital, Jobber is investing in technology to make it easier for home service businesses to grow with access to flexible financing. This gives Jobber customers the capital to invest in new equipment or marketing campaigns to get the word out that they’re open for business. There’s no lengthy application process. Eligible businesses can easily access capital directly in the Jobber dashboard and repay the financing with a fixed percentage of daily sales. Stripe Capital is a valuable option for many small business owners, particularly seasonal businesses in green industries like lawn care whose revenues vary throughout the year.

When a customer makes an online payment, it takes about two business days for funds to reach a service provider’s bank account. Now, Jobber is making it easier for small businesses to collect payments faster by launching instant payouts, powered by Stripe and Visa Direct. With a click, funds from a job land in a business’ bank account in a matter of seconds, even on weekends and holidays.

To date, businesses using Jobber have serviced more than 10 million people, delivering more than $6 billion annually, and growing, in services to their clients. Of those businesses, many use the credit card processing solution Jobber Payments, powered by Stripe, to help them quickly accept contactless, online payments easily at every stage of a project, without the need to write a single line of code or integrate with a separate payment gateway.

Jobber and Stripe began their partnership in 2017, with Stripe providing the payment engine for Jobber Payments. Since then, Jobber has integrated a range of Stripe products to help service providers manage their growing businesses: Stripe Connect powers payouts for businesses, unified funds management and reporting; Stripe Terminal makes it possible for service providers to accept card payments on-site; and Stripe Radar protects Jobber’s customers from fraud.