Business finance platform Tide has added a new tool to help its customers “optimise cash flow”.
In Brief:
Cashflow Insights aims to help businesses mitigate payment delays.
It will also help improve their credit score and recommend appropriate credit options.
The aim is for “easy to digest insights and predictions” on how a business is doing, as well as recommendations.
What does this mean?
Tide has been building a network of lenders to afford businesses as many options as possible through its platform – these include Barclays, iwoca and Clearco.
CEO Oliver Prill says the new offering is particularly exciting because open banking will make it available to those who are not existing members of the Tide platform.
