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UK FinTech Tide Secures £100M Investment from Fasanara to Enhance SME Lending Solutions
Tide, a UK-based financial platform, is transforming cash flow management for SMEs globally by securing a £100 million securitisation debt facility from Fasanara Capital. This partnership will allow Tide to distribute over £300 million in working capital loans, addressing the need for flexible funding among SMEs. Founded in 2015, Tide supports around 650,000 SMEs in the UK, offering services like business accounts and access to credit. The company is also expanding internationally, having launched in India and planning to enter Germany in 2024. Tide’s CEO emphasized the importance of flexible financing for SMEs to avoid cash flow issues.
Revolutionizing E-Commerce Logistics: MENA’s Fincart Attracts Investors for Game-Changing Solutions
Fincart.io is transforming logistics for e-commerce small and medium businesses (SMBs) by tackling shipping challenges and providing access to working capital. The platform recently completed a pre-seed funding round led by Plus VC, with participation from Plug and Play, Orbit Startups, and Jedar Capital. Founded in 2023, Fincart.io offers affordable delivery options and aims to enhance its technology and courier network to support the growing e-commerce market in Africa and the Middle East, projected to reach $75 billion by 2028. CEO Mostafa Masry highlighted the significance of this funding in propelling their mission to assist online sellers.
UK Regulator Launches AI Tools Sandbox to Enhance Consumer Trust and Innovation
The UK Financial Conduct Authority (FCA) will launch a live testing service for artificial intelligence (AI) in September 2025, aimed at helping financial firms implement AI responsibly. This initiative, part of the FCA’s AI Lab project, will operate for 12 to 18 months, allowing firms to validate AI solutions in real-time and engage directly with the FCA. The service is designed to support innovation, enhance regulatory efficiency, and promote a tech-positive environment in the financial sector. Feedback on the proposal is invited from stakeholders until June 10, 2025, ensuring a framework that fosters innovation while protecting consumers.
Revolutionizing Emissions Reporting: Gprnt Partners with Ant and MUFG for Nationwide Automation
Singapore has become the first country to launch a comprehensive digital platform for sustainability metrics, named Gprnt (Greenprint), developed by the Monetary Authority of Singapore. Funded by Ant International and MUFG Bank, Gprnt enables businesses to access utility consumption data—electricity, water, and gas—automatically converting it into key sustainability metrics like Scope 1 and 2 emissions at no cost. This initiative aims to simplify sustainability reporting, particularly for small and medium enterprises. Future enhancements will include AI capabilities and additional tools to support advanced disclosures and sustainability transformations, marking a significant shift in global sustainability reporting practices.