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Tide Expands its SME Financial Services Platform into Germany


Tide, a leading SME financial services platform based in London, is set to embark on its second international market expansion by launching operations in Germany. Following its successful foray into India in 2022, Tide aims to provide financial management tools and business banking accounts to SMEs across Germany, with the official launch of the German app slated for the coming months.

CEO Oliver Prill emphasised the significance of Germany’s SME sector, highlighting its pivotal role in Europe’s largest economy. Prill noted that Tide’s success in the UK stemmed from a deep understanding of small businesses’ pain points, a philosophy that will guide its approach in the German market. He affirmed Tide’s commitment to continuously enhancing its services and products to meet the evolving needs of its members, underscoring the company’s ambition to become the leading international financial platform for small businesses.

With over 575,000 SME customers in the UK, Tide has established itself as a trusted partner for entrepreneurs and freelancers seeking streamlined financial solutions. Chris Barton, HM Trade Commissioner for Europe, commended Tide’s entry into the German market, citing the company’s remarkable success story in the UK. Barton praised Tide for its role in empowering small businesses and facilitating financial management, expressing enthusiasm for its expansion into continental Europe.

Tide’s strategic growth trajectory was further bolstered in October 2022 with the acquisition of lending marketplace company Funding Options, reinforcing its commitment to providing comprehensive financial services to SMEs. Founded in 2015 by George Bevis, Tide has expanded its footprint beyond the UK, with offices in Bulgaria and India. The company’s expansion into Germany signifies a significant milestone in its global expansion journey, as it seeks to empower entrepreneurs and drive economic growth across borders.

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