Tide Launch Cashflow Insights to Assist SMB Owners

Tide, a UK-based business financial platform, will launch Cashflow Insights this month to assist small business owners in optimizing their cash flow, mitigating payment delays, improving their credit score, and receiving recommendations for credit products suitable for their businesses.

Cashflow Insights will assist business owners in improving their cash flow by providing quick, easy-to-digest insights and predictions on how their business is performing and recommending actions to take ahead of any potential shortfalls. The product will also assist business owners in gaining access to the right products to maintain a consistent cash flow, such as Direct Debits for invoices and credit products that are appropriate for their business – whether it needs to grow or stay afloat.

Cashflow Insights, according to FinTech, will first be available to exist Tide members, using their account data to predict what their balance will look like in the next 30 days. The product will then be made available to non-Tide members via Open Banking technology in the coming months. Tide will be able to access transaction history from other financial solutions via Open Banking with the permission of the business owner to provide an accurate prediction.