07 October 2019

UK FinTech Tide raises £44mn

Written By FinTech Alliance in Business Financial Management

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.

Up Next ...
05 November 2024

MeaWallet Introduces New Features to Support Click to Pay, Enabling Safer, Faster Online Shopping

MeaWallet product updates support businesses facing mandatory regulatory requirements that state they must support Click to Pay

05 November 2024

Nium and HyperGuest Join Forces to Streamline Payments for the Travel and Hospitality Industry

This partnership will enhance payment efficiency and security for HyperGuest’s global network of travel and accommodation partners with Nium’s virtual card solution...

05 November 2024

Mastercard's 'Pay Local' Brings Global Payment Access to Digital Wallets

This initiative particularly benefits travelers, as it eliminates the need to preload prepaid accounts, making global payments more seamless

04 November 2024

Finance apps are in ‘need of improvement’, says a quarter of Brits

A recent survey by UK mobile specialists Apadmi reveals that ...

More in Business Financial Management

Uber for Business integrates with expense management providers Brex and Ramp

21 December 2023

Uber’s enterprise arm, announced it has integrated with leading expense ...

$4.7bn European fintech firm Pleo appoints new CFO, pointing to IPO hopes

14 December 2023

Danish FinTech firm Pleo beefing up its executive team.In brief:- ...

Sonovate secures £165mn

07 July 2022

UK FinTech Sonovate has raised £165mn in funding.In Brief: Sonovate offers ...

White Papers Business Financial Management

How has Covid changed the role of the finance director forever?

13 April 2021

What you will learn:How the role of the FD has changedThe shift to home working Empowering your...

There are no Events in this category