One of the Leading UK Fintech Companies – Tide raises £44m in Funding
Leading digital business banking platform Tide has recently announced it has raised £44.1 million in a first-round of Series B funding.
The round was led by specialist Fintech Investment Companies, The SBI Group and Augmentum Fintech plc (“Augmentum”).
Leading Fintech Investment Company
Japan-based The SBI Group is one of the world’s leading Fintech Investment Companies, Augmentum is one of Europe’s leading fintech VCs and the UK’s only listed fund specialising in fintech.
The second round is expected to close by the end of the year.
The additional funding will help Fintech Company Tide substantially increase its share of the UK business banking market, as well as to support the Company’s planned international expansion.
Tide’s ambition is to become the Number 1 business banking challenger and create genuine competition to the high street banks which dominate the UK business banking sector. The Tide team has seen significant in recent times creating a lot of Fintech Jobs and now has over 250 staff members.
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