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UK Fintech Tide Partners with Sage, a Cloud Business Management Software Provider, to Offer Innovative Banking, Accounting Tools
UK’s
Tide, an established business financial platform, and
Sage, a provider of Cloud business management software, revealed on Wednesday (May 12, 2021) that they’ve teamed up to offer integrated banking and accounting solutions to Tide members.
Developed specifically for users taking their initial steps towards making their business goals a reality, the partnership between Tide and Sage will aim to offer a new banking and accounting product to the the UK’s self-employed workers and business owners .
By linking up banking data and Tide‘s finance and administration software to Sage’s accounting and compliance solutions, Tide users can seamlessly carry out financial and compliance processes, like self-assessment and year-end accounts.
Tide Teams up with Sage to Streamline Small Business Tax and Accounting
London, 12
th May 2021 - Sage, the market leader in cloud business management solutions and Tide, the UK s leading business financial platform, today announced a new partnership, offering a tightly integrated banking and accounting product for Tide members.
Designed for people taking their first steps towards making their business dreams a reality, the partnership will provide UK self-employed and business owners with a new product that combines banking and accounting - all in a single digital environment. By connecting banking data and Tide s existing finance and admin tools to Sage s new accounting and compliance as a service platform (ACaaS), Tide members will be able to streamline financial and tax compliance processes, such as self-assessment and year-end accounts.
Countingup closes £9.1M for its business current account with built-in accounting features
Countingup, the U.K. fintech offering a business current account with built-in accounting features, has closed £9.1 million in Series A investment. Leading the round is Framework Venture Partners, with participation from Gresham House Ventures, Sage and existing investors.
It’s noteworthy that Countingup has previously taken investment from ING, and the addition of Sage as a backer is interesting since both could help the startup reach more business customers. It also potentially sets up one future road to exit. However, let’s not get ahead of ourselves.
Founded in 2017 by Tim Fouracre, who previously founded cloud accounting software Clear Books, Countingup now boasts over 34,000 business customers. The company’s long-term vision is to be the one “financial hub” for micro businesses in the U.K. and beyond. Its initial “attack vector” was to combine a business bank account wi