“Three challenger banks [Metro Bank, Starling Bank and ClearBank] have been awarded a combined £280m from an RBS fund designed to boost business banking competition.

ClearBank, through its partnership with business banking provider Tide, said it would “revolutionise” the SME market.

Chief executive Charles McManus said: “Our partnership with Tide will provide the SME banking market with an innovative and compelling customer proposition, using our highly agile technology.”

Tide Chief Executive Oliver Prill said: “We can start work today. Tide is already the fastest growing business banking service provider in the UK.

The funding will help Tide accelerate its strategy to capture a significant share of the market, and we plan to match this with further investment of our own.”

 

Read full article on City A.M.

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Rahil Patel

Rahil is an Analyst at Augmentum. He joined the fund full-time following a Summer internship in 2018.

Prior to Augmentum, Rahil studied Geography at Durham University and has previously worked with Mayfair Insurance Company and Sipsmith Gin.

When he is not curating the office Alexa playlist, Rahil tries to keep up with his passion for DJing that began at university.

Learn more about Rahil in this blog post.

Georgie Hazell

Georgie heads up engagement at Augmentum, which involves supporting portfolio companies, engaging with investors and the wider fintech ecosystem (including marketing and events), and supporting the team internally.

Georgie has worked in a number of startups across people, strategy and growth leadership positions. Following her MBA and a consultancy project with Crowdcube, Georgie moved into venture capital.

Passionate about diversity and inclusion, particularly in VC and entrepreneurship, Georgie founded women in tech network Elevate, led on UK expansion for Her Campus Media, volunteers with Diversity VC and mentored with The Girls Network.

Ellen Logan

Ellen is an Associate at Augmentum. Prior to joining Augmentum, Ellen was an Associate Consultant at OC&C Strategy Consultants and worked at people analytics startup Bunch in Berlin. Ellen studied Economics at Edinburgh University.