Tide, a UK-based fintech company that provides mobile banking solutions for small and medium business customers, raised $14 million in a Series A funding round. The round was led by Anthemis and Creandum.
Tide works to streamline mobile banking processes for small and medium businesses in order to simplify the accounting and admin aspects. The company says it plans on partnering with iwoca to begin a loan program as well.
The company says it plans on using this investment to continue to expand its services and branch out into more markets.
Tide CEO George Bevis said, "people who run small businesses waste time with crappy administrative tasks, so we work out smart ways with software to automate these things," as reported by TechCrunch,
Read more: TechCrunch