Tide appoints Sir Donald Brydon as non-executive chairman

His appointment comes as the platform prepares for a new fundraising round ahead of plans to scale up its operations.

Its series B fundraising generated more than £60 million last year, supporting growth to 225,000 customers and a market share of almost 4%, with plans to hit 8% by 2023.

Tide chief executive officer Oliver Prill said: “Sir Donald’s varied experience will be vital as we move towards our series C fundraising, extend our investor base and continue to build out our platform to empower UK SMEs at such a pivotal time.”