Digital Business Bank Tide Looks to Raise Almost $80mn

UK based digital business bank Tide is seeking to raise close to $80mn after they received the same amount through the RBS Alternative Remedies Package; the company has received inquiries from over 70 venture capital funds that are not current investors; the company is seeking to gain an 8 percent market share of the SME banking market by 2023, the firm has about 1.2 percent of the market today; “This new investment plan will help Tide accelerate its strategy to capture a significant share of the SME banking market,” says Tide CEO Oliver Prill to Banking Technology. Source.

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