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Tide and ClearBank join the race for Pool E fund

Tuesday 4 August 2020 11:18 CET | News

Fintech Tide has submitted a joint bid with ClearBank as part of Banking Competition Remedies (BCR) USD 130 million Pool E fund.

The duo previously worked together on their Pool A bid picking up a grant worth USD 78 million to be shared between their projects.

This time around the pair have made two bids, one for USD 32 million and the other for USD 45 million, with the intention of using the cash to bolster their use of open banking technology, payments processing, and access to SME debt and equity finance.


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Keywords: Tide, ClearBank, Pool E, fintech, Banking Competition Remedies, BCR, Pool A, banking, technology, open banking, payments, SMEs
Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce