Tide is a business banking platform that provides a free, FSCS-protected account and a suite of financial management tools, including invoicing and expense tracking, specifically designed for small businesses. By streamlining banking and administrative tasks, Tide enables over 1 million contractors and freelancers to save time and reduce operational costs.
Funding
$206.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Small businesses often struggle with fragmented financial management processes, using multiple platforms for banking, invoicing, and expense tracking. This leads to inefficiencies, increased administrative burden, and a lack of real-time visibility into their financial health.
Solution
Tide offers an all-in-one business finance platform designed to streamline financial operations for small and medium-sized enterprises (SMEs). By integrating banking services with tools for invoicing, expense management, accounting, and payroll, Tide provides a unified solution that simplifies financial tasks. Users can open a free business account in minutes and access a suite of features designed to save time and reduce operational costs. Tide's platform enables faster payments, efficient expense tracking, and seamless accounting, empowering businesses to focus on their core activities. Additional tools such as business savings accounts and card readers further enhance the platform's capabilities, providing a comprehensive financial management solution.
Target Audience
Tide primarily targets contractors, freelancers, and small to medium-sized enterprises (SMEs) seeking to streamline their financial management processes and reduce administrative overhead.
Features
- Free business account with FSCS protection provided by ClearBank.
- Integrated invoicing tools for creating and sending professional invoices.
- Expense management features for tracking and categorizing business expenses.
- Tide Accounting for seamless self-assessment and VAT return completion.
- Business savings accounts with variable interest rates.
- Tide Card Reader for accepting in-person card payments with mobile data.
- Business loans to facilitate business growth.
- Payroll management tools.
- Virtual cards for secure online transactions.
- Fuel cards for managing fuel expenses.
- Company registration services.
- 24/7 in-app chat support.