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Tide Needs More Money for Bounce Back Loans

Tide Needs More Money for Bounce Back Loans

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EuropeFintech
··1 min read

Tide is reportedly in discussions for a new funding round totaling hundreds of millions of pounds according to reporting from AltFi; CEO Oliver Prill noted that while the Bounce Back loans are backed by the UK government, they aren’t funded by the government; Tide needs the funds in order to lend out more under the scheme; Starling, one of their competitors has the benefit of holding a banking license which allows it to lend out customer deposits; for now Tide is telling members on the waiting list that they can’t guarantee they will be able to fulfill all loans from eligible businesses; businesses should also consider other options outside of Tide. Altfi

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    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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