Mumbai, December 17, 2020: Tide, UK's leading digital business financial platform has chosen India to set up its first global development centre, which is already up and running in the southern city of Hyderabad. The new center will drive and support the technology needs of the fast growing venture which aims to become the world's leading digital challenger in business banking services. Spread over 15000sft. The center already has 70+ high-quality technology professionals working on cutting edge technologies.
Commenting on the new center and the reason for choosing India, Guy Duncan, Global Chief Technology Officer, Tide UK, said, "With Tide witnessing exponential growth, we needed to look beyond the UK and Bulgaria (where we have a technology and support centre) as it was proving to be difficult to hire quality talent at the required pace. India seemed a natural choice as it offers two distinct and formidable advantages - it has among the world's most vibrant, innovative and advanced fintech ecosystem and among the largest pool of high quality technology talent. It further helped that our senior leadership has extensive and positive experience in setting up offices and technology centers in India. We look forward to growing the center further and expanding its role in Tide's global strategy."
About Tide:
Commenting on the new center and the reason for choosing India, Guy Duncan, Global Chief Technology Officer, Tide UK, said, "With Tide witnessing exponential growth, we needed to look beyond the UK and Bulgaria (where we have a technology and support centre) as it was proving to be difficult to hire quality talent at the required pace. India seemed a natural choice as it offers two distinct and formidable advantages - it has among the world's most vibrant, innovative and advanced fintech ecosystem and among the largest pool of high quality technology talent. It further helped that our senior leadership has extensive and positive experience in setting up offices and technology centers in India. We look forward to growing the center further and expanding its role in Tide's global strategy."
About Tide:
London-based Tide is the UK's leading digital business financial platform and the leading digital challenger in business banking services. It provides business current accounts and smart financial admin services to 280,000+ small-business owners through its mobile-first platform. Tide offers its members business banking without monthly, weekly or annual fees, or card usage fees. A new Tide account can be up and running in minutes rather than what can be weeks with traditional banks.
Besides balances and payments, Tide can be fully integrated into accounting systems and has smart tools to help business owners save time (and money) on admin, such as invoicing and expense management. It recently launched Tide Cashback an upgraded account giving members additional support for running their businesses, including 0.5% cashback, a dedicated 24/7 legal and phone helpline. In 2019, Tide announced the creation of Tide Capital, a subsidiary company allowing Tide to offer its own credit products to members. Tide, which employs almost 500 professionals worldwide is in LinkedIn's top 10 hottest UK companies to work for and one of the Sunday Times Fast Track Disruptors to Watch. More information can be had from www.tide.co
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