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 ...
22 November 2024

Eden AI raises €3M seed round to bridge the gap between AI models and business needs

Eden AI, which works with more than 500 organisations including the Council of Europe and Atos, translates sophisticated AI models into practical tools for businesses...

22 November 2024

City Bank Adopts TranzAxis for E-Commerce Payment Solutions

This decision aligns with the bank’s focus on digital transformation and improving online transaction processes for merchants.

22 November 2024

Zellis summit maps bold future of innovation

Event showcases Zellis HCM AIR, realtime payroll, and AI-enhanced features

21 November 2024

Nubank Explores Legal Domicile Shift to the UK Amid Regulatory Changes

The decision, reportedly under discussion with the UK government, aligns with the UK’s efforts to attract global tech firms

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