Tide, a mobile-first digital banking service for SMBs in the U.K., aspires to be part of the solution for the small business sector. Part of that is in the banking and payment services the firm provides for small businesses. However, CEO Oliver Prill noted, Tide’s platform play is for more than banking products; it’s designed to allow third-party partners to tightly integrate and distribute administrative or financial services products to Tide members.
It’s one of many partnerships that Tide is looking to form as it moves forward, attempting to scale up its small business solution by leveraging its access to SMBs, rich data sets and payments flow. And with the recent injection of £8 million their scaling effort is set to begin picking up a bit of speed.