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.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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