UK fintech Tide is expanding access to its buy now, pay later (BNPL) product for small businesses after securing a £100 million debt facility from London-based investment firm Fasanara Capital. The move marks a significant scaling of Tide’s lending offering aimed at easing short-term cash flow pressure for SMEs.
The product, called Credit Flex, functions as a pay-in-four short-term loan embedded directly within the Tide app. Pre-approved users can instantly access up to £5,000 in credit, repaid over four months at an interest rate of 3.3% per month. The tool allows businesses to split upcoming payments into smaller monthly chunks, helping them avoid cash flow disruptions.
Credit Flex was initially trialled with 5,000 Tide users in late 2023, where it received a strong response. With the new funding line from Fasanara, Tide is now rolling out the feature to all eligible UK members.
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. 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.”
With this expansion, Tide continues its strategy of embedding financial tools directly into its digital platform to support SME growth and resilience.