Tide rolls Funding Options into ‘Tide Partner Credit Services’

Tide has completed its acquisition of credit finance marketplace Funding Options.

The takeover has been given the green light by the FCA and Tide has subsequently rolled Funding Options into a new division called Tide Partner Credit Services.

Financial details of the deal haven’t been disclosed, but prior to its acquisition Funding Options had raised around £20m in equity funding as well as £5m in cash from Banking Competition Remedies (BCR) in 2019.

Read more: AltFi