By Aisling Finn on Friday 5 March 2021
Tide and Crunch will use open banking to bolster each other’s services.
Business banking provider Tide has joined forces with SME accounting firm Crunch in its latest partnership.
The new collaboration will allow Crunch users to easily set up a business banking account with Tide and enhance the two firms’ financial data sharing.
“At a time when the self-employed and small business owners are facing huge challenges, it’s important that service providers such as Tide and Crunch come together to provide as much support as we possibly can.”
By using open banking, all transactions made with a Tide account will be automatically imported into the Crunch software, making it much easier for small businesses to keep on top of their finances.
Chris Gorsuch, partnership manager at Crunch said: "Adding Tide to our banking partner network helps Crunch expand on a suite of services.”
“This partnership delivers more client choice and supports our mission to empower the UK self-employed at a time when small businesses welcome the much-needed support from their providers.”
Tide has been busily expanding its product offering and integrations recently.
Back in December 2020, Tide announced a virtual office address service in collaboration with virtual office address specialist Hoxton Mix, to help the ever-growing list of new companies using its services.
The fintech also launched a charitable arm, which aims to provide grants of £1,000 to hundreds of small businesses suffering from the impact of Covid-19 and has begun it’s international expansion plans, first setting up shop in Hyderabad to tap into India’s 63m SME market.