Tide, a UK-based business management platform, has secured over $120 million in a strategic investment round led by global alternative asset management firm TPG, which elevates Tide’s valuation to $1.5 billion. The funding is intended to accelerate Tide’s international expansion, support product development, and advance its investment in agentic AI.
The primary and secondary investment was led by TPG through its global impact investing platform, The Rise Funds, and supported by existing investor Apax Digital Funds. This investment highlights Tide’s position as a prominent late-stage FinTech company in Europe. The Rise Funds specifically partner with high-growth businesses to drive scalable change alongside financial returns, having invested in over 85 impact-focused companies.
Oliver Prill, CEO of Tide, stated that securing this investment from TPG represents a significant milestone and a strong endorsement of the company’s growth as a business management platform serving 1.6 million members worldwide. He noted that the funding would build on Tide’s profitable UK business, where it supports nearly 800,000 members and holds 14% of the SMB market. In India, Tide has seen rapid growth, also supporting over 800,000 members.
Tide recently launched in Germany, a market with nearly 6 million SMEs, and introduced credit solutions as its initial offering in France. Prill indicated the company’s plan to bring the full range of Tide’s UK platform capabilities to its international markets over time. He added that the investment would also fuel product innovation, broadening and deepening its offering to help members save time and money. Prill further emphasized that the investment would accelerate Tide’s existing adoption of AI and reinforce its long-term growth strategy.
Tide’s mission focuses on saving SMBs time and money by addressing repetitive and time-consuming business management tasks. The platform aims to provide a connected, integrated, and digital-first solution, designed for SMBs, in contrast to what it describes as complex and disjointed incumbent solutions.
Yemi Lalude, Partner at TPG and Head of Europe, Middle East & Africa for The Rise Funds, commented on the global challenge of financial inclusion for small businesses, which are vital for economic growth. He highlighted Tide’s platform for empowering sole traders, micro-enterprises, and small firms across the UK, India, and Germany with tailored products. Lalude expressed enthusiasm for supporting Tide’s mission to democratize access to financial and administrative services for SMEs and confirmed that this investment expands The Rise Funds’ global FinTech portfolio and deepens its commitment to SME financial inclusion. Lalude will also join Tide’s Board as part of this investment.
Tide’s 1.6 million members utilize its all-in-one business management platform across the UK, India, Germany, and France. The platform offers services such as fast business registrations, accounting and admin tools, integrated team management solutions (including expense management and payroll), business current and savings accounts, credit options, payment solutions, and connected sales tools like acquiring and website building. Tide’s objective is to provide connected solutions for its members’ business needs.
Morgan Stanley served as the exclusive financial advisor and placement agent to Tide, while Torch Partners advised TPG in relation to this investment.
Launched in 2017, Tide has grown to nearly 800,000 SME members in the UK and over 800,000 SMEs in India. The company expanded into Germany in May 2024 and France in September 2025. Tide has been recognized with the Great Place to Work certification for three consecutive years and employs over 2,500 individuals worldwide. Its long-term ambition is to become the leading business management platform globally. The Rise Funds, co-founded in 2016 by TPG in partnership with Bono and Jeff Skoll, focuses on investing in growth-stage, mission-driven companies building solutions to global challenges, with a focus on areas including financial inclusion. TPG’s Impact Platform manages approximately $29 billion in assets.
