Tide secures £100m debt facility from Fasanara

Tide, the UK’s leading business financial platform, has secured a £100m securitisation debt facility from Fasanara Capital Ltd (Fasanara), a London-based investment manager with over US$4.5bn in assets under management (as of December 2024). This funding will enable Tide to ramp up the offering of its short-term cash flow management solution for its SME customers (members) across the UK.

Founded in 2015 with the goal of providing financial services to small businesses, Tide launched its product in 2017 and has since grown into one of the most comprehensive financial platforms for SMEs in its active markets – the UK, India and Germany. Tide’s extensive offering includes bank accounts, financial and administrative tools, payment services, expense and credit management services. This broad range of services has enabled Tide to build a significant UK presence, now serving 650,000 SMEs – more than 10 per cent of the UK market. Building on its success in the UK, Tide launched the Tide app in India in December 2022, where it has rapidly reached more than 650,000 members, and in Germany in September 2024.

Oliver Prill, Tide CEO, 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.”

Francesco Filia, Founder and CEO of Fasanara, 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.”

Fasanara, a London-based alternative credit specialist, has funded over US$85bn to fintech lenders in more than 60 countries over the last 14 years, positioning itself as one of the most active fintech debt funding providers globally. The £100m debt facility provided to Tide is envisaged to enable the company to provide more than £300m in working capital loans to potentially hundreds of thousands of UK SME borrowers.

About Tide
Founded in 2015 and launched in 2017, Tide is the leading business financial platform in the UK. Tide helps SMEs save time (and money) in the running of their businesses by not only offering business accounts and related banking services, but also a comprehensive set of highly usable and connected administrative solutions from invoicing to accounting.

Tide has 650,000 SME members in the UK (c. 11 per cent market share) and 650,000 SMEs in India. Tide launched in Germany in May. Tide has also been recognised with the Great Place to Work certification two years in a row.

Tide has been funded by Anthemis, Apax Partners, Augmentum Fintech, Creandum, Salica Investments, Jigsaw, Latitude, LocalGlobe, SBI Group and Speedinvest, amongst others. It employs around 2,000 Tideans worldwide. Tide’s long-term ambition is to be the leading business financial platform globally.

About Fasanara
Founded in 2011, Fasanara Capital is a London-headquartered, FCA-authorised global asset manager and technology-driven investment platform. It manages US$4.5bn in Fintech-focused strategies on behalf of some of the largest pension funds and insurance companies in Europe and North America. With a team of over 110 professionals, Fasanara is a pioneer in Fintech-originated asset-based lending – investing through semi-liquid private credit funds that deliver real-economy impact.

Source: Fasanara