Tide, founded in 2015, is a leading player in the UK small business (SME) accounts market and a fast-growing fintech in the UK and India. With a significant presence in the UK and India, it boasts over 650,000 members in the UK and more than 450,000 in India. The company stands out by offering a comprehensive platform that not only provides business accounts and banking services but also includes highly connected admin tools for businesses, integrating seamlessly with accounting systems. Tide's success is underscored by its recognition as one of CB Insights global Fintech 250 and Beahurst’s The Fintech Top 50 for the UK in 2023. It has also been awarded the Great Place to Work certification in both 2023 and 2024. The company's recent $100.00M Series C investment in July 2021, with Anthemis Group, Augmentum Fintech, Jigsaw, Speedinvest, SBI Group, LocalGlobe, and Apax Digital as key investors, reflects its appeal to the investment community. Tide's commitment to diversity is evident through its over 2000 Tideans globally and its offices in Central London, Sofia, Bulgaria, Hyderabad, India, Gurugram, and New Delhi. Tide's focus on quick onboarding, low fees, innovative features, and data-driven decision-making aims to help SMEs save time and money. As it expands its reach beyond the UK and India to include German SMEs, Tide's future potential in the small business banking market appears promising.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series C | $100.00M | 7 | SBI Group, LocalGlobe +1 | 12 Jul 2021 |
Non Equity Assistance | Unknown | 1 | 19 Apr 2021 | |
Secondary Market | Unknown | 1 | 01 Dec 2019 | |
Series B | £44.10M | 7 | SBI Group | 06 Oct 2019 |
Venture Round | £5.00M | 1 | 13 Jun 2019 |
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