Tide, a UK-based business financial platform supporting over 1 million small and medium-sized enterprises (SMEs) worldwide, has secured a £100m securitisation debt facility from Fasanara Capital, a London-based investment manager with more than $4.5bn in assets under management.
The facility from Fasanara is set to strengthen Tide’s short-term cash flow management solutions for its UK SME members. The capital injection is expected to support the distribution of over £300m in working capital loans across the country.
Founded in 2015 and launched in 2017, Tide provides SMEs with business accounts, payment services, administrative tools, and access to credit. The platform currently supports around 650,000 SMEs in the UK, representing more than 10% of the market. Tide has also extended its footprint internationally, launching in India in December 2022 and in Germany in September 2024.
Tide CEO Oliver Prill said, “As one of the UK’s leading SME lending intermediaries, we work with more than 120 lenders to enable strategic funding solutions. Additionally, we provide a mechanism (“Tide Credit Flex”) which seeks to make it easier for small businesses to spread the cost of bank transfers into smaller monthly payments to avoid a balance dip.
“We know flexible, short-term working capital is critical to the success of small businesses where managing cash flow is a constant challenge. With the new Fasanara facility, we are able to extend the Credit Flex mechanism in a way that we believe will benefit more of our members, improving the efficiency and responsiveness of our service provision.”
Fasanara CEO Francesco Filia added, “Fasanara is focused on the next generation of SME lending solutions. Our partnership with Tide represents a perfect alignment of vision – leveraging fintech innovation to provide efficient, tailored credit solutions at scale. We are proud that Fasanara, a global leader in fintech private credit, is partnering with Tide, a market leader in SME financial services, to enable hundreds of thousands of UK SMEs to gain access to the working capital they need to continue to grow and thrive.”
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