Tide, the UK’s leading business management platform, has now crossed 1.5 million members globally. Since September 2024, the company added over 500,000 new users, with 750,000 each in the UK and India. Tide’s share of the UK SME market has climbed to 13%. Meanwhile, expansion continues in Germany.

Oliver Prill, CEO of Tide, commented, “Reaching 1.5 million members and lending over £1 billion to UK SMEs are major milestones. We’re helping small businesses save time and money by providing them tools they truly need from finance and admin to commercial services. Our global product expansion reflects this mission.”

Powering SMEs with New Products and Services

Tide continues to launch tools that solve real-world business problems for SMEs. Their latest offerings focus on accessibility, automation, and flexibility.

  • Tide Credit Flex
    Tide introduced Credit Flex, a short-term loan product embedded in its app. This helps members manage cash flow without relying on overdrafts. The UK has already seen nearly £23 million in credit deployed.
  • Credit Intermediation
    Through the acquisition of Funding Options in 2023, Tide facilitated £1 billion in funding for over 17,000 UK businesses. SMEs can access loans between £1,000 and £20 million from 85+ lenders. This credit service is also expanding in India and Germany.
  • Tide Instant Saver
    Deposits in the UK now exceed £2 billion. Businesses earn competitive interest rates and grow funds effortlessly.
  • Fixed Deposits Intermediation
    Launched first in India, this feature offers SMEs up to 8.8% interest on secure deposits.
  • Tide Card Reader
    Tide’s low-cost card reader supports mobile payments without needing external hardware.
  • Flexible Pricing Plans
    Tide offers four plans Free, Smart, Pro, and Max suited to different SME stages. Advanced plans provide phone support, unlimited transfers, and legal or fraud assistance. Smart is also available in Germany.
  • Tax and Admin Tools
    Across markets, Tide helps businesses estimate corporation and income tax. Users can save into a dedicated tax account and monitor cash flow through visual charts.
  • Business & Sales Registration
    Tide supports India-based SMEs with Udyam (MSME) registration, enabling access to government benefits. It also facilitates GST registration to ensure tax compliance.
  • Bill Payments
    Indian SMEs can now pay utility bills with zero fees while earning rewards. Enhanced security ensures safe transactions.
  • Structured Partner Payments
    Tide allows SMEs to disburse salaries or freelancer payments securely. Analytics offer real-time spending insights to manage cash flow better.

Growth in India and Germany Signals Global Momentum

India now hosts more Tide members than the UK. With over 66 million MSMEs and 140 million unofficial enterprises, India presents a high-growth opportunity. Tide is also ramping up its German operations, with a Berlin office and a local leadership team headed by Country Managing Director Anna-Fromme Schoen.

AI Innovation and Global Team Growth

Tide continues investing in AI. Its agentic AI solutions automate multi-step processes. Generative AI is already improving product connectivity, risk analysis, and customer support. Predictive AI supports tasks like invoicing and fraud detection.

Tide’s global team now includes 2,500 employees across the UK, India, Germany, Bulgaria, Lithuania, and Serbia. In India, the company earned Great Place to Work recognition for three consecutive years, with 88% of employees expressing pride in working at Tide.

Supporting Women Entrepreneurs and Climate Action

Tide has pledged to onboard 700,000 women entrepreneurs by 2027 – 200,000 in the UK and 500,000 in India. It also sponsors the 2025 everywoman Entrepreneur Awards and launched a £20,000 grant initiative to empower women-led businesses.

The company stays committed to net-zero operations. Since 2022, it offsets emissions through durable carbon removals. Tide aims to reduce its carbon footprint per employee by 90% by 2030. It’s also creating tools to help SMEs on their net-zero journey.

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News Source: Businesswire.com