Tide Secures $120 Million Strategic Investment Led by TPG, Achieving $1.5 Billion ValuationLondon-headquartered business banking fintech Tide has secured over $120 million in a new strategic investment round led by TPG, reaching a post-money valuation of $1.5 billion.
The investment round, which included both primary and secondary investment, received support from existing investor Apax Partners through its Apax Digital Funds. This new valuation more than doubles Tide’s previous $650 million valuation from an Apax-led $100 million funding round in 2021, solidifying the company’s status as a fintech unicorn. TPG’s impact investment platform, The Rise Funds, executed the deal, and TPG partner Yemi Lalude has joined the Tide board.
According to a company statement, the new funding will be allocated to accelerate Tide’s international expansion, support rapid product development, and advance its investment into agentic AI.
Tide currently operates in the UK, India, Germany, and France, where it launched its Partner Credit Services offering earlier this month. The business management platform serves 1.6 million members globally, providing tools for business registration, accounting, administration, expense management, sales, credit, payroll, and business current and savings accounts.
Oliver Prill, CEO of Tide, stated that the investment will facilitate “bringing the full richness of Tide’s UK platform to each of our international markets.” He added that the company is “already adopting AI at pace, and the investment will allow us to accelerate this.”This latest funding follows Tide’s securing of a £100 million securitisation debt facility from UK asset manager Fasanara Capital in May. This facility was used to introduce Tide Credit Flex, a new short-term working capital solution.
