Tide raises £14m in Series A funding round

Mobile-first SME banking platform Tide has raised $14 million in one of the largest Series A investment rounds closed by a FinTech company this year. The round has been led by specialist FinTech investor Anthemis, alongside Creandum, the Scandinavian fund that has backed global leaders including Spotify and iZettle. The new money will be used to expand Tide’s workforce at its central London headquarters and develop more features to help the UK’s small and medium-sized businesses manage their finances quickly and efficiently. Existing investors Passion Capital and LocalGlobe have also participated in the round, which follows the $2 million seed investment last year.