UK Fintech Tide Achieves Unicorn Status Following $120M Funding Round

Tide, also active in Germany and India, was last valued at $650M in 2021 after a $100M raise from Apax. TPG’s investment includes both new equity and share purchases from employees, ex-employees, early angels, and minority investors.

Tide, which has also recently launched in France, said: "We always want to provide early investors, employees and ex-employees with the opportunity to realise some of the gains they've made along the way."

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Tide plans to use the funding to accelerate international expansion, enhance product development, and advance its investment in agentic AI.

Launched in 2017, Tide is a business management platform for SMBs, offering business accounts, accounting, and administrative services. It serves nearly 800,000 SMEs in the UK, over 800,000 in India, and has recently expanded to Germany (2024) and France (2025).

Oliver Prill, CEO of Tide, said: “This funding will accelerate our international expansion, building on our highly successful and profitable UK business, where we support nearly 800,000 members with 14 per cent of the SMB market. In India, we’ve seen rapid growth and now support over 800,000 Tide members.

"We’ve also launched in Germany, a large market with nearly 6 million SMEs, and very recently launched our affordable credit solutions as our first proposition in France. Over time, we’ll bring the full richness of Tide’s UK platform to each of our international markets.

“This investment will also fuel product innovation and means we can broaden and deepen our offering, helping our members everywhere save time and money.”

About Tide

Tide helps SMEs save time and money by offering business accounts, banking services, and connected administrative solutions like invoicing and accounting. Serving over 1 million users across the UK, India, and Germany, Tide combines quick onboarding, low fees and innovative features, earning recognition in global fintech and workplace excellence awards.