By One of the UK’s leading business financial platforms, Tide, has partnered with global payments provider Adyen to offer small and medium-sized businesses (SMBs) Tide business accounts – first in Germany before a further expansion in Europe.
The news comes after Tide announced its strategic entry into the German market in March. It also launched in India in 2022 and has already amassed 800,000 small businesses as members across the UK and India. In 2023, Tide announced a programme to enhance UK-India business relations.
Now with Adyen’s support, the fintech can offer SMBs lacking a finance function access to cost-effective and efficient business accounts across Germany.
Tide’s German expansion
In addition, Tide plans to further enable German SMBs with highly connected finance and admin solutions, such as invoicing and accounting, which it plans to introduce to the market throughout 2024.
Oliver Prill, CEO at Tide, says: “We’re delighted to be expanding into Europe, with Germany our first stop. Our mission is to be the leading international financial platform for small businesses.
“As Tide grows in the UK, India, Germany and beyond, we are happy to be partnering with renowned payments provider Adyen. With Adyen, we can offer excellent banking-as-a-service solutions to our small business owners in Germany and beyond.”
