Tide officially launches app and Business Account in India

UK SME banking provider Tide has launched in India, rolling out its app on the Google Play Store for Android smartphones and opening applications for its Business Account.

Over the next 24 months, Tide says it now plans to onboard 500,000 SMEs in India, rapidly scaling up as part of the £100m investment it is making in the country.

Tide says that all businesses will be onboarded via a full Know Your Customer (KYC) process, and only then will be able to access their accounts and start making transactions.

Read more: AltFi