U.K.-based fintech Tide has raised $120 million in fresh funding led by TPG’s Rise Fund, pushing its valuation to $1.5 billion and marking its entry into the unicorn club. Existing investor Apax Digital Funds also participated, alongside secondary share sales from employees and early investors.
Founded in 2017, Tide now serves 1.6 million micro and small enterprises worldwide, with India surpassing the U.K. as its largest and fastest-growing market, accounting for over 800,000 members. The platform offers a suite of tailored tools including accounting, invoicing, loans, payroll, and UPI-enabled payments, targeting small businesses underserved by traditional banks.
The company plans to onboard 1 million Indian businesses by year-end, supported by rising demand from tier-3 cities and beyond. With operations now spanning the U.K., India, Germany, and France, Tide will use the fresh funding to expand globally, enhance its platform, and invest in agentic AI-driven solutions.
Tide employs more than 2,500 people worldwide and continues to focus on bridging financial and administrative gaps for small businesses across markets.
