Tide secures $120m to boost global expansion

By Vriti Gothi

Tide, the UK-based digital business banking and management platform, has raised over $120 million in a funding round led by TPG, valuing the company at $1.5 billion. This underscores Tide’s accelerated growth trajectory, with India emerging as its fastest-growing market. In 2021, the company was valued at approximately $650 million, according to market intelligence platform Tracxn.

Alongside TPG’s The Rise Funds, existing investor Apax Digital Funds participated in the round, reinforcing confidence in Tide’s innovative platform. The funding round also included secondary transactions, with certain existing shareholders selling stakes to new investors.

The new capital will enable Tide to expand its international footprint, enhance product offerings, and invest in agentic artificial intelligence (AI capable of executing autonomous actions), advancing its mission to deliver intelligent, digital-first business management solutions.

“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 1.6 million members worldwide,” said Oliver Prill, Chief Executive Officer of Tide.

As part of the investment, TPG partner Yemi Lalude will join Tide’s board, further strengthening the company’s governance and strategic direction.

Founded in 2017, Tide provides digital-first business accounts and an integrated suite of administrative solutions, including invoicing, expense management, accounting, payments, and credit products. The company employs more than 2,500 professionals globally and maintains a 14% share of the UK SME banking market, serving nearly 800,000 members.

Tide launched operations in India in late 2022 and today serves over 800,000 small and medium enterprise (SME) 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.

In addition to the UK and India, Tide recently expanded into Germany in December 2024 and France in September 2025, reflecting its strategic commitment to European market growth.

Tide reported revenues of approximately $225 million for 2023-24, alongside losses of $18 million, reflecting continued investment in growth, innovation, and digital transformation initiatives.