Competitor Profile: Tide
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This report provides information and insights on Tide, including details of its business and geographical presence; comprehensive coverage of its products and services; a comparative assessment of its main competitors; information on its performance, including its open banking model; and its key events and milestones.
Founded in 2015, Tide’s principle activity is to provide mobile banking to small businesses in the UK. Tide is designed for time-poor business owners who wish to focus on their work rather than their banking needs. With the use of Tide’s API, customers can receive real-time digital accountancy services from a number of third-party providers.
Scope
– In November 2017, Tide started offering loans through Tide Credit.
– In June 2018, Tide began offering cash deposits.
– In November 2018 the company partnered with accountancy firm Xero.
Reasons to Buy
– Gain insight into Tide’s business operations and key events in the company’s history.
– Learn about its product portfolio and open banking model.
– Assess the competitive dynamics in the retail banking industry by comparing its performance against competitors.
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