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Tide Launches Business Financial Platform in Germany

Tide, a business financial platform, is set to expand its services to Germany, targeting small businesses in Europe’s largest economy. The platform, already operational in the United Kingdom and India, offers connected finance and admin solutions tailored for small businesses without an in-house finance function. With the aim to ease financial and administrative burdens, Tide’s CEO, Oliver Prill, expressed excitement about the opportunities in Germany for small to medium-sized businesses.

The Tide app will soon be introduced in Germany, allowing interested parties to join a waiting list in anticipation. The platform’s features will be introduced gradually, starting with Business Account and card products, followed by invoicing, cash flow forecasting, and other solutions. With a successful track record of serving over 575,000 SMBs in the U.K. and 200,000 in India, Tide looks forward to tapping into Germany’s market, which boasts almost 3 million small businesses showing a growing interest in digital financial management solutions.

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Collaborations in the Financial Solutions Space

Highlighting the trend towards digital payment solutions for small businesses in Germany, Commerzbank and Global Payments partnered to form Commerz Globalpay GmbH, offering merchants omnichannel payment and software solutions. On the other hand, European FinTech Mollie introduced an in-person payments solution, Mollie Terminal, catering to merchants with both brick-and-mortar and online stores. The device seamlessly integrates in-person and online payments through a single application programming interface, accommodating different connectivity options.

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