Founded

Address

Tide Platform Ltd
London
United Kingdom

Open map

KANDO id: 567896

Corporate information

Official name
Tide Platform Ltd
Also known as
Tide
Registration country

Company type

New type of banking service for small businesses and freelancers.

Overview

Tide was founded in 2015 to fill in a huge gap in the market; SMEs are significantly underserved by traditional financial institutions who offer high cost, one-size-fits-all products that focus on enterprise client needs. Exacerbated by tighter regulation post 2008 financial crisis and enabled by the proliferation of digital, Tide is redefining business banking through a digital-first, hassle-free proposition that addresses the holistic needs of SMEs. Following a platform approach, Tide is focused on building automation on all admin-related functionality while partnering with best in class fintech companies to offer a fully fledged banking experience, including payment acceptance, FX, credit and many more services such as employee expense management.



Funding rounds

Series B GBP 44,100,000


( )

Profile Country Notes
Augmentum Fintech Led the round.
SBI Holdings Inc Led the round.

Debt USD 8,000,000


USD 8,000,000 ( )
Convertible note.

Profile Country Notes
Goodwater Capital LLC Led the round.
Speedinvest (Anthony Danon) Early-stage European venture capital firm. Led the round.
Augmentum Fintech Initial investment. Led the round.
Anthemis Group SA Digital financial services venture capital and strategic advisory firm.
Creandum AB
Passion Capital LLP Early stage venture capital firm based in London.

Debt USD 10,500,000


USD 10,500,000 ( )
Convertible note.

Profile Country Notes
Augmentum Fintech Led the round.
Anthemis Group SA Digital financial services venture capital and strategic advisory firm.
Creandum AB
Passion Capital LLP Early stage venture capital firm based in London.

Series A USD 14,000,000


USD 14,000,000 ( )

Profile Country Notes
Anthemis Group SA Digital financial services venture capital and strategic advisory firm. Led the round.
Creandum AB Led the round.
LocalGlobe UK-based venture capital firm that focuses on seed investments.
Passion Capital LLP Early stage venture capital firm based in London.

Seed USD 2,000,000


USD 2,000,000 ( )

Profile Country Notes
Passion Capital LLP Early stage venture capital firm based in London. Led the round.
Alex Chesterman Individual investor.
Errol Damelin Individual investor.
Greg Marsh Individual investor.
Ian Hogarth Individual investor.
Jason Goodman Individual investor.
LocalGlobe UK-based venture capital firm that focuses on seed investments.
William Reeve Individual investor.


Investment activity status
Active investor

Current team

Employee Position
Guy Duncan photo Guy Duncan

Financials