07 December 2022

Tide expands into India to serve SMEs

Written By FinTech Alliance

Tide expands into India to serve SMEs

UK business banking FinTech Tide has launched in the Indian market.

In Brief: 

Its app and business account are now available to SMEs in India. 

It aims to onboard half a million SMEs in the next two years. 

This is the first time Tide has expanded outside of the UK 

What does this mean? 

Tide has been working to enter India for 18 months now, and launched a prepaid card there in July –working with Rupay, an Indian card payment network. This is a big market for Tide with 64mn SMEs which might use its service. Tide is also expanding through acquisitions here in the UK having recently purchased SME lending marketplace Funding Options. 


Read more here.  

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