SBI Group joined existing investor Augmentum Fintech to co-lead a $54.3m series B round for digital business bank Tide at a reported valuation of nearly $250m.

SBI Investment, a corporate venturing subsidiary of financial services provider SBI Group, co-led a £44.1m ($54.3m) series B round for UK-based digital business bank Tide yesterday. Fintech-focused venture capital firm Augmentum Fintech co-led the round, which valued Tide at more than $247m, according to the Daily Telegraph. It was described by the company as a…

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