SBI Group backed Tide in a series C round which doubled the overall funding raised by the digital banking platform developer to $200m.
UK-based digital business software provider Tide received just over $100m yesterday in a series C round backed by financial services provider SBI Group, valuing the company at more than $650m.
Apax Digital, the growth division of private equity firm Apax Partners, led the round, which also featured Anthemis, Augmentum Fintech, LocalGlobe, SpeedInvest and Jigsaw.
Tide provides small and medium-sized businesses with digital banking services including current accounts, real-time balance updates, automated bookkeeping and integrated invoicing. It claims 350,000 members and…
