We’re excited to share that, on 18 October, we acquired Onfolk – a leading, HMRC-recognised payroll solution for SMEs, which focuses on accounting, pensions and people systems. We’ve been hard at work welcoming Onfolk to our platform, and we’re confident that this new addition will bring us even closer to our goal of giving our members everything they need to run their business in one single app.

Say hello to Tide Payroll

At Tide, we live by our company values, which include “members first”. This means that we’re constantly thinking about how to make things easier for our members: how to simplify their daily tasks, so they can focus on growing their businesses.

Our friends at Onfolk share this focus on supporting SMEs, which is why this acquisition felt so right. Now that we’ve integrated Onfolk into our platform, we’re also pleased to announce what this will look like for our members: say hello to Tide Payroll.

We’ll be opening up a waitlist for this exciting new feature to our existing members, so keep an eye out for more information coming soon to your inbox. We’d also like to reassure existing Onfolk customers that they’ll be able to continue using their service as normal – and in time, we’d love to welcome you to Tide.

A stellar team

We’re pleased to have the small but talented Onfolk team, including co-founders Michael Colley and Naz Malik join us as new Tide colleagues.

Michael and Naz said: “We’re very excited about Onfolk becoming part of Tide, a leader in supporting small businesses. We’re fully aligned with their mission to save business owners time and money, and we see this as an incredible opportunity to make payroll even more accessible to businesses around the world. As part of Tide, we’ll help businesses spend less time on admin and more time focusing on what they do best, leading and growing their business.”

Tide CEO, Oliver Prill, said: “Payroll is a significant part of running any successful small business and we want to help our members simplify that process. Once again, Tide is making an admin heavy process simple for small business owners by connecting it seamlessly with the myriad of disjointed finance and admin tasks. As a result, small businesses can increasingly run their business almost entirely from a single intuitive app.”

Wrapping up

As you might already know, this isn’t our first acquisition. In 2023, we acquired Funding Options – and you can read more about it in our CEO’s open letter. Combining the skills and expertise we’ve gained from these two great companies, we’re looking towards a very bright future at Tide.