I was delighted to be able to talk to George Bevis from Tide for the latest BankNXT Fintech Podcast. The company offers small business banking services, and has the backing of some familiar names in business, including William Reeve of LoveFilm, Ian Hogarth of Songkick, and Eileen Burbidge of Passion Capital.
Tide is still a young company, having set up its stall just this year, and is currently in the alpha stages of development. In the interview, we talk at length about the company’s background, how it works, and what the road ahead looks like. George’s background in banking, despite him being “ashamed” of this period, has helped him see the complexities of business banking for what they are, and Tide has benefited from this wisdom.
“My history up to this point is an unusual one,” he says, “but it all feeds into the creation of Tide. There’s essentially three strands to my career: one, of which I am extremely ashamed, is many, many years in banking … so I know that industry pretty well.
“I did my first bit of entrepreneurship when I came out of university in 2000, and four years too early attempted to launch Facebook – inexplicably, I didn’t launch a billion-dollar business in the process! I have to say being a digital entrepreneur in 2000 was really extraordinarily difficult! Latterly, I ran a reasonably successful ecommerce business, which did secondhand trading of a wide variety of goods. I’ve run some digital not-for-profit activity, and now obviously came on to Tide.
“The third strand is that I’ve also had a fair amount of exposure to the public policy side of small business needs. In 2012, I wrote most of the main policy document for the British Labour Party on small business policy, and in 2013-14 ran their network of digital professionals.”
George has pooled this experience to help small businesses become more productive. I ask him about the technology behind Tide, the regulatory landscape, how it makes money, and how secure it is.
It was an interesting conversation, and I hope you enjoy it too. As ever, I love to hear from you, so please leave your comments below, or contact me on Twitter. You can see the other interviews in this series on this page.You can subscribe to this podcast on iTunes.