Tide, a London, UK-based, mobile-first banking service targeting SMEs, raised $14m in Series A funding.
The round was led by Anthemis and Creandum with participation from Passion Capital and LocalGlobe.
The company intends to use the funds to continue to expand its service.
Led by George Bevis, Founder and CEO, Tide provides a current account that enables businesses to save time and money and features tools to automate bookkeeping and pay and send invoices quicker.
With Tide, users can set up a current account in 5 minutes and access features to access credit, accept card payments, manage accounting, expenses, foreign exchange and more.
In addition to the funding, the company is also announcing a new partnership with European online lender iwoca, to initiate its first loan program, offering up to £100K starting later in 2017.
Eileen Burbidge of Passion is the Chairman of the board.