UK-based fintech firm Tide has raised $120 million in fresh funding led by TPG’s Rise Fund, marking a significant milestone as it enters the unicorn club with a valuation of $1.5 billion. The investment reflects strong investor confidence in Tide’s growth as a digital-first business banking platform—particularly in emerging markets like India, which the company identified as its fastest-growing geography.
Expansion, AI, and Global Ambitions
The funding round also saw participation from existing investor Apax Digital Funds. A portion of the raise was through secondary share sales by existing shareholders, according to the company.
Tide stated that the new capital will be used to fuel international expansion, advance product development, and accelerate investment in agentic AI systems—autonomous AI models capable of decision-making without human input. This aligns with the fintech’s strategy to bring automation and embedded intelligence across its suite of services including invoicing, payments, credit, and accounting.
“Securing this investment from TPG is a major milestone for Tide and a strong endorsement of our growth as the leading global business management platform serving 1.6 million members worldwide,” said Oliver Prill, CEO of Tide. TPG partner Yemi Lalude will join the company’s board as part of the deal.
India’s Role as a Growth Engine
Tide entered India in late 2022 and has rapidly scaled operations, now serving over 800,000 SMEs in the country. Gurjodhpal Singh, CEO of Tide India, emphasized the strategic importance of India in the company’s global vision, saying, “This strategic investment marks a pivotal moment for Tide in India. It strengthens our ability to scale rapidly and reinforces India’s role as a key driver of our global growth.”
In 2024, Tide secured £100 million in securitisation debt from Fasanara Capital to expand its cash flow management products in the UK. The new equity brings its total funding to over $300 million to date.
Future Plans and Financials
Tide’s global footprint continues to expand. After launching in Germany in December and in France in September 2025, the company now aims to strengthen its position across Europe and Asia.
In FY2023–24, Tide reported £177.2 million in revenue, with a net loss of £14.2 million. FY2025 results have not yet been disclosed. Despite losses, the company’s leadership sees AI innovation and SME-focused digital banking as central to its monetization and long-term sustainability.
With more than 2,500 employees globally, Tide continues to build out a tech-driven banking ecosystem designed to meet the needs of small and medium-sized enterprises in both developed and developing economies.
