Tide, founded in 2015, has quickly become one of the leading financial platforms for small and medium-sized businesses (SMEs) in the United Kingdom. Tide helps SMEs save time (and money) in the running of their businesses by not only offering business accounts and related banking services, but also a comprehensive set of highly usable and connected administrative solutions from invoicing to accounting.

With over 1 million SMEs globally on their platform, Tide has expanded into new markets and continues to drive innovation in financial services.

As a fast-growing fintech, Tide needed to scale its services, particularly its lending products, while ensuring flexibility and rapid deployment. In 2019, the company set out to launch a new suite of lending products, including revolving credit for businesses.

Tide didn’t want to build the solution from scratch; they looked for a tried-and-tested solution, a scalable platform that could handle their growing ledger, manage lending portfolios, and deliver accurate accounting and reporting at scale.

To assess and compare potential banking platforms, Tide issued an RFP, as a result of which Mambu was selected.