Hyderabad
Image Source: La Priz
Hyderabad, India.
Jane Imrie

London fintech to create over 1,000 jobs with India expansion

A London-based fintech has announced plans to create more than a thousand jobs in India as part of its international expansion.

Business financial platform Tide has today unveiled plans to invest more than £100m in India as part of its growth.

The firm, which is headquartered in London, specialises in technology to reduce and streamline financial admin for SMEs.

Tide, which already employs over 200 staff in India - mainly in its Hyderabad data centre - is set to create jobs across a range of departments including product development, software development, marketing, risk & compliance and member support.

Oliver Prill, Tide CEO, commented: “Tide recognises the ambitions of both the UK and Indian Governments to build India-UK bilateral relationships with an enhanced economic partnership and sees SMEs as being crucial to economic growth in both nations.

“We at Tide are committed to serving India’s 64 million, and growing, SME sector, helping to unleash the true potential of Indian small businesses by helping them to save time (and money) on their financial admin.

“Through our investment in the market, Tide looks to contribute to both the countries’ vision of developing a roadmap to a free trade agreement with a target of £100 billion by 2030.”

UK Minister for Investment Gerry Grimstone added: “I am pleased that Tide’s innovative business financial platform, part of the UK’s world leading fintech ecosystem, is embracing the opportunities in India’s dynamic and growing SME market.

“The UK and India have ambitious plans to deepen our trade and investment partnership and bring benefits to both economies, and this is a great example of what we can do together.”

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