Banking News

Neobank Tide Partners Sage to Bolster Product Offerings

Neobank Tide Partners Sage to Bolster Product Offerings

(12 May 2021 – United Kingdom) Tide, a specialist neobank for small and medium sized enterprises (SMEs), has partnered Sage to offer small businesses new banking and accounting products.

The solutions in development will support Tide’s connect banking data and existing finance administration tools with Sage’s latest accounting and compliance as a service (CaaS) platform.

As a result, Tide’s clients will be able to streamline workflows through the integration of financial and tax compliance processes into one system. Research from both partners confirm that financial constraints can act as a key barrier to success for start-ups.

“Many entrepreneurs are held back from starting a new business by concerns around financial constraints and compliance, but with this new offering, accountancy and compliance will become a simple and seamless service, meaning that the business owner can sleep easy knowing that they’re compliant and making well-informed decision” commented Sage Executive Vice Present of Small Business Segment, Neal Watkins

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