Tide secures £8m to expand its financial platform for small businesses.
The funding round drew backing from Creandum, Anthemis, Passion Capital, and Local Globe.
£8.0M
Tide operates a digital banking platform designed for small and medium enterprises. The company provides business current accounts and financial administration tools.
London-based SME challenger bank Tide has secured £8m in a funding round to support platform enhancements and international expansion.
The investment drew participation from existing and new backers, including Creandum, Anthemis, Passion Capital, and Local Globe.
The capital will allow the firm to introduce new features for small business customers as it scales operations.
Use of funds
- 01Continue product development
- 02Expand into international markets
