An even bolder future


#1

We like to let you know when we have big news.

In July, Tide secured $14m of investment from high-profile venture capital firms to grow our team and develop more services for Tide members. The cash raised came from backers including specialist fintech fund Anthemis, and Creandum, the Scandinavian fund that has backed music-streaming platform Spotify and card payments processor iZettle. Money was also raised from Tide’s existing investors Passion Capital and LocalGlobe. We have got this far thanks to the incredible businesses that we are lucky to call our members, so thank you!

The money will be used to build a range of new features and give our app and website a face-lift. Tide has partnered with online lender iwoca to offer loans of up to £100,000 which will be available in the near future. Our integration with Xero, the market-leading accounting software, is also underway. There are other plans on the cards; next year we’ll be taking Tide overseas with the aim of becoming a global service that supports 50m small and medium-sized businesses by 2026.

Onwards and upwards!


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#4

Re card processing. Avoid dongles. Do not follow iZettle & Co. Instead, use NFC contactless readers embeded within the app. Well, that’s what i’m expecting among other things from Tide to sell on the spot.


#5

Congratulations on your funding! Does that mean you’ll be able to provide a time-line for the integration with Xero that you mention - or even more basic features such as extra cards on accounts? Both would be incredibly helpful.


#6

Hi @BillG, thanks so much! Xero is currently being tested with our Product Development team and is soon to be released on our Tide Preview programme. Although we are unable to provide a timeline for this as of yet, it is a priority for us to get this feature out to our Members soon! The same applies to multi-user functionality.


#7

The No:1 product requirement I need is overseas payments/transactions.

Everything else is just a ‘nice-to-have’ but this one is business critical…I currently have to carry on using my old bank account for this stuff, which is miles from ideal. Looking forward to that coming online soon :+1: