Tide
Founded Year
2015Stage
Secondary Market | AliveTotal Raised
$259.02MMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-35 points in the past 30 days
About Tide
Tide offers a financial business platform offering digital banking services in the financial sector. The company provides FSCS-protected bank accounts in partnership with ClearBank and e-money accounts through PrePay Solutions, with a suite of business account administration tools including accounting software integration, expense management, and customizable invoicing. Tide caters to UK and Indian SMEs with a focus on saving time and money for its members. It was founded in 2015 and is based in London, United Kingdom.
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Tide's Product Videos
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Tide's Products & Differentiators
Tide Platform
Tide offers one product - the Tide platform, which. has many different features to help small businesses manage a huge array of admin needs. This includes: making, receiving and categorising payments, integrations with accountancy software, invoicing services, expense management, team expense cards, payroll and credit products.
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Research containing Tide
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Tide in 2 CB Insights research briefs, most recently on Oct 26, 2023.
Oct 26, 2023
The CFO tech stack market map
Expert Collections containing Tide
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Tide is included in 4 Expert Collections, including SMB Fintech.
SMB Fintech
1,648 items
Fintech
13,413 items
Excludes US-based companies
Fintech 100
749 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Digital Banking
1,008 items
Challenger bank offer digitally native banking products (checking and savings account at the most basic) and either leverage partner banks or are fully-licensed banks themselves.
Tide Patents
Tide has filed 6 patents.
The 3 most popular patent topics include:
- cognitive biases
- loans
- multiple comparisons
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
1/18/2018 | 3/12/2019 | Fluid dynamics, Valves, Plumbing valves, Plumbing, Hydraulics | Grant |
Application Date | 1/18/2018 |
|---|---|
Grant Date | 3/12/2019 |
Title | |
Related Topics | Fluid dynamics, Valves, Plumbing valves, Plumbing, Hydraulics |
Status | Grant |
Latest Tide News
Oct 24, 2024
Tide acquires SME payroll fintech Onfolk 24th October 2024 UK-based business banking platform Tide has acquired Onfolk, a payroll solutions provider for small and medium-sized enterprises (SMEs), for an undisclosed sum. Onfolk will be integrated into the Tide app as ‘Tide Payroll’ Founded in 2020 and headquartered in London, Onfolk offers an HMRC-recognised payroll software solution with features including payslip generation, tax code automation, and storage of payroll documentation. Following the acquisition, Onfolk will be integrated into the Tide app as ‘Tide Payroll’, with the Onfolk team joining Tide to lead the new payroll division. Tide states existing Onfolk customers will be able to keep using the Onfolk platform. Onfolk marks Tide’s second acquisition following its 2023 purchase of Funding Options , a UK marketplace for small business finance, for an undisclosed amount. In a statement announcing the deal, Tide states that as the company continues to expand, “it will consider further acquisitions to accelerate growth and broaden its service and product offering to members”. With a focus on finance and admin solutions like invoice generation, expense cards, and payment services, Tide boasts over one million global members and claims that more than 10% of UK SMEs use its app. In March, the company named George Schmidt as its new regional CEO for the UK and Europe. His initial mandate was to lead the firm’s expansion into Germany, which began in May when the company started rolling out its product proposition in the country.
Tide Frequently Asked Questions (FAQ)
When was Tide founded?
Tide was founded in 2015.
Where is Tide's headquarters?
Tide's headquarters is located at 66 City Road, London.
What is Tide's latest funding round?
Tide's latest funding round is Secondary Market.
How much did Tide raise?
Tide raised a total of $259.02M.
Who are the investors of Tide?
Investors of Tide include Tencent, LocalGlobe, Anthemis, Augmentum Fintech, Speedinvest and 21 more.
Who are Tide's competitors?
Competitors of Tide include SumUp, Allica Bank, Finom, Atom Bank, SME Finance and 7 more.
What products does Tide offer?
Tide's products include Tide Platform.
Who are Tide's customers?
Customers of Tide include N/a - we have over 350,000 customers.
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Compare Tide to Competitors
Starling Bank is a digital bank focused on providing a range of banking services within the financial sector. The company offers personal and business banking solutions, including current accounts, overdrafts, loans, and money transfer services, all accessible through an intuitive mobile app. Starling Bank primarily serves individuals and businesses looking for modern, mobile-first banking experiences. It was founded in 2014 and is based in London, England.
Atom Bank is a financial institution that provides an online banking platform focusing on personal and business banking services. The company offers savings accounts, residential and commercial mortgages, and business loans. It primarily serves individuals looking for savings options and businesses seeking financing solutions. Atom Bank was founded in 2014 and is based in Durham, United Kingdom.
Qonto is a business finance solution specializing in banking, financing, bookkeeping, and spend management for small and medium enterprises (SMEs) and freelancers. The company offers an online platform that includes business accounts with Mastercard debit cards, invoice management, and tools for expense and cash flow management. Qonto primarily serves the needs of small and medium-sized enterprises, freelancers, and various associations seeking efficient financial management solutions. It was founded in 2016 and is based in Paris, France.
Revolut is a financial technology company that offers a suite of money management tools. It provides services such as international money transfers, currency exchange, stock trading, and savings accounts. Revolut caters to both personal and business financial needs, with a focus on providing more control and visibility over users' finances. It was founded in 2015 and is based in London, United Kingdom.
Tandem Bank provides digital banking services in the financial sector. The company offers financial products including savings accounts, green home improvement loans, energy-efficient mortgages, and motor finance for eco-friendly vehicles. Tandem Bank serves individuals making environmentally conscious financial decisions. It was founded in 2013 and is based in Blackpool, England.
Monzo operates as a digital banking platform that focuses on personal finance management. The company offers personal and joint accounts, allowing users to track income, manage spending, and save money through an integrated mobile app. Monzo primarily serves individuals looking for an easy-to-use banking solution. Monzo was formerly known as Mondo. It was founded in 2015 and is based in London, United Kingdom.
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