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Tide more than doubles user base in 2018

Theo Osborn | 09:00 Monday 24th December 2018

Tide has reached 56,000 customers and more than doubled its membership base in 2018.

The e-money institution expects to account for around 10% of new business current accounts opened in 2018.

It has revealed that an SME now signs up to Tide every eight minutes.

Oliver Prill, CEO at Tide (pictured above), said: “2018 has seen Tide begin to fulfil its mission to deliver a wholesale rethink of SME banking in the UK.

“Our members come to us because they want a dedicated and focused partner that will help them grow their business.

“2019 is set to be another year of growth as more and more SMEs choose Tide and we look to add to our portfolio of products and services.”

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