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Tide conquers Germany: British fintech’s expansion.

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TLDR:

  • Tide, a British fintech company, is expanding into Germany, its second international market after India.
  • Tide offers financial management tools and business banking accounts to SMEs.

British fintech company Tide is expanding into Germany, marking its second international market expansion after India. Tide offers financial management tools and business banking accounts to SMEs, with a focus on understanding the needs of small businesses, self-employed individuals, and freelancers. CEO Oliver Prill highlighted the importance of small businesses in the German economy, the largest in Europe.

The company currently serves over 575,000 SME customers in the UK and aims to become the leading international financial platform for small businesses. Tide’s successful entry into the German market is supported by HM trade commissioner for Europe, Chris Barton, acknowledging its impact on small businesses in the UK. In 2022, Tide acquired lending marketplace company Funding Options to enhance its services.

Founded in 2015 by George Bevis, Tide has offices in Bulgaria and India in addition to the UK. The company’s expansion into Germany reflects its commitment to providing comprehensive financial services to SMEs across multiple markets.

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