Tide Establishes Tech Centre in Lithuania to Support Global Growth

Tide, the UK’s leading business management platform, is expanding its technology centre in Lithuania, reinforcing its commitment to international expansion and scaling its engineering capabilities. Tide is planning to employ an additional 60-70 full-time professionals over the next 3 years, focusing on backend and mobile development in remote-first positions, with an office in Vilnius.

The tech centre in Lithuania, which officially opened in 2024, plays a pivotal role in developing new products and supporting Tide’s growing member base across the UK, India, Germany and France. It complements Tide’s existing global technology development centres in Serbia and Romania. The centre already includes 34 engineers who joined through a successful partnership with Architus, a strategic technology partner known for building high-performing engineering and product teams across the UK and the Baltics.

Tide recently secured a $120 million strategic investment led by TPG, valuing the company at $1.5 billion. This capital will fuel Tide’s continued international expansion – including growing the Lithuania tech centre – and accelerate investments in AI-driven product innovation to better serve SMEs across multiple markets.

In early 2022, Tide partnered with Architus to scale its engineering teams in response to rapid growth and international ambitions. Architus’ deep experience in technology and product development combined with their ability to attract top tier talent, enabled Tide to quickly build and integrate teams for payments, open banking, credit, and identity and access management (IAM).

By September 2024, 30 Architus engineers were fully embedded within Tide’s organisation. These engineers have been fully transitioned into the newly established entity, Tide Lithuania (Tide Platform Ltd Lithuanian Branch), which will continue to expand as a core part of Tide’s global technology strategy.

Vinay Ramani, Chief Product Officer of Tide, said: “Lithuania offers world-class engineering talent, a thriving fintech ecosystem, and a culture that embraces innovation. Our partnership with Architus has been instrumental in helping us tap into this exceptional talent pool and lay the foundation for our new tech centre.”

Ross Jardine, Founder and CEO Architus, said: “We’re delighted to partner with Tide to support its growth by providing the talent and opportunity for the company to set up its own tech centre. Our model helps companies scale by not just providing the raw talent, but closely aligning on working practices and culture.”

Elijus Čivilis, General Manager of Invest Lithuania, said: “While we are proud of the fact that Lithuania remains the biggest fintech hub in the EU by the number of fintech licenses issued, it’s our talent in the field that really sets us apart. The fact that it was the experience that Tide had had with our people that influenced their investment decision demonstrates the caliber of expertise we offer to global companies.”

Waldemaras Urbanas, Vice Minister of the Economy and Innovation, said: “When leading UK fintechs choose Lithuania to build their engineering capabilities, it validates our work in creating an ecosystem where innovation and regulation work hand-in-hand. This investment represents exactly the kind of high-quality job creation and sectoral growth that strengthens Lithuania’s competitive advantage in the digital economy.”