UK Fintech Tide Reaches Unicorn Status with $120M Funding Round

Sarah J · 2025-09-29T08:16:34.000Z

Tide, a UK-based business management platform for small and medium-sized businesses (SMBs), has achieved unicorn status following a $120 million funding round led by new investor TPG and existing investor Apax Digital Funds. The latest funding values Tide at $1.5 billion, up from $650 million in 2021. This round includes new equity and share sales from employees, early investors, and minority shareholders. Founded in 2017, Tide offers business accounts, accounting, and administrative services and has nearly 800,000 SMB customers in both the UK and India. It has also expanded into Germany and recently launched in France. The funding will be used to accelerate international expansion, support product development, and advance Tide’s investment in agentic AI. CEO Oliver Prill emphasized that the capital will help broaden Tide’s offerings, enabling SMBs across markets to save time and money while fueling innovation.

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UK Fintech Tide Reaches Unicorn Status with $120M Funding Round | SEINET