UK FinTech Tide raises £44mn

October 08, 2019 | Business Financial Management
Written by FinTech Alliance

Tags

Tide
UK FinTech Tide raises £44mn

Tide has raised £44mn in its Series B funding round.

In Brief:

  • Tide is a digital banking platform that aims to challenge high street offerings.

  • The funding was led by The SBI Group and Augmentum Fintech Plc.

  • The round has not yet closed, but is expected to by the end of this year.

What does this mean?

Tide will use the funding to help increase its share of the UK business banking market. It has committed to raising £60mn in funding rounds since its partner, ClearBank, was awarded a £60mn grant as part of the RBS disbursement, which aimed to create competition in UK banking.

More in Business Financial Management

UK SMEs: Brexit and Beyond

Posted By The Community

Business Financial Management
September 12, 2019

UK SMEs: Brexit and Beyond

Results from Survey of Business Owners Our latest survey of small and medium enterprises (SMEs) in...

Written By: Dun & Bradstreet

Visa teams up with Plastiq for supplier payments
Business Financial Management
August 23, 2019

Visa teams up with Plastiq for supplier payments

US Visa commercial cardholders will be able to use Plastiq as of this week. In Brief: Pl...

Accenture buys financial services consultancy Parker Fitzgerald
Business Financial Management
August 22, 2019

Accenture buys financial services consultancy Parker Fitzgerald

Global consultancy Accenture has agreed to buy the business for an undisclosed sum. In Brief:...

There are no Knowledge Bank in this category

There are no Events in this category