Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Fintech»UK-based fintech Tide raises $120 million led by TPG, enters unicorn club
    Fintech

    UK-based fintech Tide raises $120 million led by TPG, enters unicorn club

    September 21, 20253 Mins Read


    Mumbai: UK-based Tide has raised over $120 million in a funding round led by TPG, valuing the fintech company at $1.5 billion. Tide, which counts India as its fastest-growing market, was previously valued at around $650 million in 2021, according to data from market intelligence platform Tracxn.

    Apart from TPG’s The Rise Funds, Tide’s existing investor Apax Digital Funds also invested in its latest fundraising round, the company said in a statement on 22 September.

    The $120 million fundraise included existing shareholders in Tide selling some of their stake to other investors.

    Tide added that it will use the funds to accelerate its international expansion, product development, and invest in agentic artificial intelligence—AI capable of taking actions without human intervention.

    “Securing this investment from TPG is a major milestone for Tide and a strong endorsement of our growth as the leading global business management platform serving 1.6m members worldwide,” Oliver Prill, chief executive of Tide, said in the statement.

    TPG partner Yemi Lalude will join Tide’s board as part of the investment.

    In May, Tide secured a £100 million in securitisation debt from Fasanara Capital to expand its short-term cash flow management products in the UK, according to media reports.

    Before that, the company raised $100 million in equity in July 2021, taking its total equity fundraise to $180 million from investors including TriplePoint Capital, State Bank of India, Apax Digital Funds, Augmentum Fintech, and Creandum.

    Also Read | Why banks are letting fintechs launch your credit card

    Founded in 2017, Tide offers digital-first business accounts and integrated administrative solutions such as invoicing, expense management, accounting, payments, and credit products. The company employs more than 2,500 people globally.

    Tide launched its operations in India in late 2022 and has more than 800,000 small and medium enterprise clients in the country.

    “This strategic investment marks a pivotal moment for Tide in India. It strengthens our ability to scale rapidly and reinforces India’s role as a key driver of our global growth,” said Gurjodhpal Singh, CEO of Tide India.

    Tide has a 14% share of the UK market with nearly 800,000 SME members. In December, the company launched in Germany, and in September this year, it opened its operations in France.

    Morgan Stanley was Tide’s exclusive financial advisor and placement agent for its latest fundraise, while Torch Partners advised TPG.

    Tide reported revenue of £177.2 million for 2023-24 and losses of £14.2 million. Its FY25 numbers aren’t available.

    Also Read | Amazon’s masterplan to dominate India’s fintech market



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    European Fintech Groups, Crowdfunding Advocates Send Letter To Policymakers Regarding Financial Data Access Regulation (FIDA)

    Fintech

    AI Fintech Optasia To Raise R6.3 Billion In South African Share Sale To Fund Global Acquisitions

    Fintech

    RBI Guv to Fintech: Easy, Accessible Products: Rediff Moneynews

    Fintech

    KPMG report pegs 31% CAGR for India’s fintech sector from 2025 to 2029

    Fintech

    Z47 sees a strong investment pipeline in wealth-tech and fintech AI models

    Fintech

    AI fintech Optasia targets South Africa’s biggest IPO in a year

    Fintech
    Leave A Reply Cancel Reply

    Top Picks
    Fintech

    Kiwi raises $24 Mn in series B funding led by Vertex Ventures

    Property

    Preservium Property augmente les revenus de la gestion immobilière -Le 28 février 2025 à 06:31

    Precious Metal

    ‘Not a single atom goes to waste’

    Editors Picks

    The 1 Reason the Navy Is Retiring a Nimitz-Class ‘Nuclear’ Aircraft Carrier

    October 13, 2024

    Questex’s Digital Signage Experience 2024 to Feature

    August 15, 2024

    Opposition au pipeline Dakota Access | Un jury américain délibère dans un procès contre Greenpeace qui pourrait faire date

    March 17, 2025

    Top 10 Dividend Stocks for March 2025 – Best Picks

    March 22, 2025
    What's Hot

    Meet the exec taking the helm of Blackstone’s $105 billion real estate fund after the tragic loss of Wesley LePatner

    September 19, 2025

    Canada One Provides Review of Exploration at Haul Road Zone, Copper Dome Project

    September 23, 2025

    Fannie Mae, Freddie Mac to consider cryptocurrency in mortgage purchases

    June 27, 2025
    Our Picks

    New Cryptocurrency Releases, Listings, & Presales Today – Celeron Token, Terrace, TheSirion

    April 4, 2025

    Nedbank acquires local fintech iKhokha

    August 13, 2025

    Dijon. Sierra, bienvenue dans la darkwave

    March 14, 2025
    Weekly Top

    Cristiano Ronaldo pushes back once again against retirement

    October 8, 2025

    Cryptocurrency for Beginners: The Only Guide You Need in 2025

    October 8, 2025

    Wall Street’s Most Accurate Analysts Weigh In On 3 Utilities Stocks With Over 4% Dividend Yields – Edison Intl (NYSE:EIX), AES (NYSE:AES)

    October 8, 2025
    Editor's Pick

    AngloGold Ashanti boosts dividend after gold price rally

    August 6, 2024

    Crypto Payments Are Booming: Here’s When They Matter Most

    April 16, 2025

    Fintech startup Kiwi raises $24 Mn in Series B round led by Vertex Ventures

    August 24, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.