Priya Patel
TLDR:
- Tide, the UK’s leading business financial platform, is expanding into Germany.
- The move represents a significant milestone in the company’s international expansion.
The UK’s FinTech Tide has announced its expansion into Germany, marking its first step into continental Europe. CEO Dr. Oliver Prill highlighted the importance of the move, emphasizing the potential for Tide to help Germany’s three million small businesses save time and money. With a focus on reducing financial and administrative burdens for self-employed individuals and freelancers, Tide plans to launch its business account and card products in Germany in the coming months.
This expansion comes after Tide’s successful entry into the Indian market in December 2022, where it has already gained over 200,000 members. The move into Germany has been well received, with His Majesty’s Trade Commissioner Europe expressing delight at Tide’s entry into the German market.
With over 575,000 SMEs in the UK, Tide is well-positioned to offer connected finance and admin solutions to small businesses that lack a dedicated finance function. The company’s deep understanding of the needs of small businesses, combined with its advanced business financial platform, sets the stage for a successful expansion into Germany and beyond.
Rising Tide appoints first chief risk officer
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