UK fintech Tide raises $120 million at $1.5B valuation in TPG-led round, accelerating international growth, agentic AI investment, and product expansion.
Key Highlights
Unicorn valuation milestone – Tide secures $120 million from TPG (with support from Apax Digital Funds), pushing its valuation to $1.5 billion, more than double its previous valuation of $650 million.
International expansion & product development – Funding will be used to scale into new markets and bring Tide’s UK platform features to its operations in India, Germany, France, and elsewhere.
Investment in agentic AI – Tide plans to deepen its investment in “agentic AI” to accelerate automation, improve capabilities and efficiencies across its business management platform.
Summary Story
Tide, a UK-based fintech business management platform, has officially become a unicorn after raising $120 million in a funding round led by TPG, with participation from existing investor Apax Digital Funds. The investment puts Tide’s valuation at $1.5 billion, more than twice its previous valuation of $650 million from its 2021 round.
The new capital will fuel Tide’s ambitious international expansion, bringing the full breadth of its UK platform—including business registration, accounting, expense management, sales, credit, payroll, business current & savings accounts—to its operations in India, Germany, France, and potentially more markets.
In addition, Tide aims to accelerate its investment in agentic AI to deliver smarter automation and enhanced product features for its 1.6 million+ members globally. This will help improve operational efficiency, reduce manual overhead, and offer more differentiated services in the competitive fintech space.
