Address
Tide Platform Ltd
London
United Kingdom
Corporate information
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
( )
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
SBI Holdings Inc (SBI Group) | Led the round. | ||
|
Augmentum Fintech Management Ltd (Augmentum Capital) | Initial investment. Led the round. |
Debt USD 8,000,000
USD 8,000,000 ( )
Convertible note.
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
|
Augmentum Fintech Management Ltd (Augmentum Capital) | Initial investment. Led the round. | ||
|
Goodwater Capital LLC | Initial investment. Led the round. | ||
|
Speedinvest (Anthony Danon) | Early-stage European venture capital firm. | Initial investment. Led the round. | |
|
Anthemis Group SA | Digital financial services venture capital and strategic advisory firm. | Initial investment. | |
|
Creandum AB | Initial investment. | ||
|
Passion Capital LLP | Early stage venture capital firm based in London. | Follow-on investment. |
Debt USD 10,500,000
USD 10,500,000 ( )
Convertible note.
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
|
Augmentum Fintech Management Ltd (Augmentum Capital) | Initial investment. Led the round. | ||
|
|
Anthemis Group SA | Digital financial services venture capital and strategic advisory firm. | Initial investment. | |
|
|
Creandum AB | Initial investment. | ||
|
|
Passion Capital LLP | Early stage venture capital firm based in London. | Follow-on investment. |
Series A USD 14,000,000
USD 14,000,000 ( )
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
|
Creandum AB | Initial investment. Led the round. | ||
|
|
Anthemis Group SA | Digital financial services venture capital and strategic advisory firm. | Follow-on investment. Led the round. | |
|
LocalGlobe | UK-based venture capital firm that focuses on seed investments. | Follow-on investment. | |
|
|
Passion Capital LLP | Early stage venture capital firm based in London. | Follow-on investment. |
Seed USD 2,000,000
USD 2,000,000 ( )
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
|
Passion Capital LLP | Early stage venture capital firm based in London. | Initial investment. Led the round. | |
|
|
LocalGlobe | UK-based venture capital firm that focuses on seed investments. | Initial investment. | |
| Alex Chesterman | Individual investor. | Initial investment. | ||
|
Errol Damelin | Individual investor. | Initial investment. | |
| Greg Marsh | Individual investor. | Initial investment. | ||
|
Ian Hogarth | Individual investor. | Initial investment. | |
| Jason Goodman | Individual investor. | Initial investment. | ||
|
William Reeve | Individual investor. | Initial investment. |
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
|
Augmentum Fintech Management Ltd (Augmentum Capital) | Initial investment. |
Team
| Employee | Position | ||
|---|---|---|---|
|
Guy Duncan |