Tide to invest GBP 100 mln in Indian market

Wednesday 30 June 2021 12:35 CET | News

Small business banking provider Tide has pledged to create over 1,000 new jobs and invest GBP 100 million in India by 2026.

Tide already has some 200 employees in India, mostly based at its Hyderabad tech centre, another of the reasons why the country was chosen for expansion. New roles being created as part of the just-announced hiring surge will include product and software development, marketing, risk and compliance, and member support.

As well as aiming to support SMEs, Tide will also focus on the unregistered and unorganised business sector in India, helping these businesses to digitise and bringing them into the mainstream finance sector.

On the ground, Tide is working with local bank RBL Bank to provide bank accounts for its members.

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Keywords: investment, fintech, SMEs, digitalisation
Categories: Banking & Fintech | Payments General
Countries: India
This article is part of category

Banking & Fintech