Tide, a rapidly expanding SME-focused banking services platform, is planning a share sale exceeding £50m as part of its strategy to broaden its market presence both in the UK and abroad.
Founded in 2015, Tide offers business current accounts and connected financial services to approximately 650,000 SME members in the UK, holding an estimated 11% market share.
In addition to its UK operations, Tide has recently launched in Germany and serves 400,000 SMEs in India, further expanding its international footprint.
The ongoing discussions with major investment banks like Morgan Stanley for the upcoming fundraising indicates Tide's ambition to enhance its growth trajectory amidst a competitive landscape.
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