Mumbai, September 22, 2025 — UK-based fintech Tide has achieved unicorn status with a fresh $120 million funding round led by TPG, valuing the company at $1.5 billion. Founded in 2017, Tide has rapidly grown into one of the leading digital-first business banking platforms, serving over 1.6 million members worldwide. With India emerging as its fastest-growing market, the company plans to use this milestone investment to accelerate global expansion, strengthen AI-driven offerings, and solidify its position in the competitive fintech landscape.
Key Investors and Fund Utilization
The latest round was led by TPG’s The Rise Funds, alongside Tide’s existing investor Apax Digital Funds. The fundraising also saw secondary sales, with some existing shareholders offloading stakes to other investors.
Fintech Tide said it will use the capital to:
- Accelerate international expansion.
- Invest in product development.
- Advance agentic artificial intelligence — AI systems capable of taking autonomous actions.
Leadership Reactions
“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. As part of the deal, TPG partner Yemi Lalude will join Tide’s board of directors.
Previous Fundraising History
- In May 2025, Tide secured £100 million in securitisation debt from Fasanara Capital to expand cash-flow management products in the UK.
- In July 2021, Fintech Tide raised $100 million in equity, bringing its cumulative equity fundraise to $180 million from backers such as TriplePoint Capital, State Bank of India, Apax Digital Funds, Augmentum Fintech, and Creandum.
India: The Fastest-Growing Market
Fintech Tide launched operations in India in late 2022 and already serves more than 800,000 SMEs in the country, making it one of its fastest-growing markets. “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,” said Gurjodhpal Singh, CEO of Tide India.
Globally, UK Fintech Tide has 1.6 million members, with India contributing half of that base.
Market Presence and Expansion Plans
- UK: Tide commands a 14% market share, serving nearly 800,000 SME members.
- Germany: Launched operations in December 2024.
- France: Began operations in September 2025.
The fresh funds will enable Tide to consolidate its European presence while scaling rapidly in Asia.
Financial Performance
Fintech Tide reported revenues of £177.2 million for FY24 but posted losses of £14.2 million. FY25 results are not yet disclosed.
Despite the losses, investors remain bullish on Tide’s growth trajectory, citing strong demand for SME-focused financial services globally.
Advisors to the Deal
- Morgan Stanley acted as Tide’s exclusive financial advisor and placement agent.
- Torch Partners advised TPG on the investment.
Conclusion
The successful fundraise marks a defining moment for Fintech Tide as it charts its journey from a fast-growing startup to a global fintech powerhouse. The company’s ability to secure backing from top-tier investors such as TPG and Apax Digital Funds underscores the confidence in its business model, revenue potential, and scalability. India’s SME ecosystem, where Tide already serves over 800,000 clients, is expected to remain the cornerstone of its global growth strategy.
As the fintech sector continues to evolve with advances in agentic AI, cash-flow management, and digital-first banking solutions, Tide’s focus on SMEs could provide it with a lasting competitive edge. Its expansion into new markets such as Germany and France demonstrates its ambition to replicate success across geographies. However, with competition intensifying and profitability yet to be achieved, execution will remain key. Still, Tide’s journey from a $650 million valuation in 2021 to a $1.5 billion unicorn in 2025 reflects both the sector’s promise and the company’s resilience.
With strong investor backing, a growing client base, and a clear roadmap, Tide is well-positioned to scale rapidly, setting the stage for its next phase of global dominance in the fintech sector.
Disclaimer: This article is based on information available from public sources. It has not been reported by EQMint journalists. EQMint has compiled and presented the content for informational purposes only and does not guarantee its accuracy or completeness. Readers are advised to verify details independently before relying on them.
