An app for Indian business owners
Tide Business India
, or Tide in short, is a free
financial
platform for
small and midsize enterprises
(SMEs). Secure and convenient, it allows entrepreneurs to track and manage their expenses on the go. Not to mention, the app will
send notifications
to aid you in controlling your
expenses
, which then translates to
reduced business spending
.
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The best part here is that the Tide app
doesn’t impose transaction fees
, so you can always stick to your budget. Soon, it will support payments made through a QR code. The catch of using this program includes
poor customer service
and account
registration issues
.
On-the-go expenditure management
Tide is a UK-based fintech for
business
owners. With offices stationed in other regions, such as Bulgaria and India, many more entrepreneurs have taken advantage of its services for their business needs. Now, the firm has developed a dedicated app for Indian entrepreneurs called Tide Business India. In addition to their
address
,
valid PAN
(permanent account number) card, and
phone number
, applicants must also possess an
Android device
.
After the initial sign-up process, you must bring your
ID
and show up for the
VKYC
(video Know Your Customer) for
identity verification
. From there, your
Tide Expense Card
will be delivered to your doorstep in around five to seven business days. Besides
expenditure monitoring
, this prepaid card is also used to
facilitate transactions
at establishments that accept
RuPay
as a payment method.
Further, you can block or unblock your Tide Expense Card and
top up money
via
UPI
(Unified Payments Interface)—India’s digital payment system—or
online banking
. The good news is that all of these can be done conveniently in the app. While finance apps, in general, pose a degree of risk to users, this fintech program implements
state-of-the-art security measures
to protect your account from potential cyberattacks.
A handy tool for businesses
When it comes to business management, Tide Business India takes the cake. With the ability to manage finances from your fingertips, you’ll find it easier to stick to your budget and avoid overspending. As it takes your security seriously, rest assured that your account will be safe from cyberattacks. However, its so-so customer service is irksome and a dealbreaker to users.